Around the Net
Walmart Buys Online Retailer Jet
- Brand Channel, Tuesday, August 9, 2016 7:26 AM
Walmart is the world’s largest brick-and-mortar retailer—but the world is increasingly doing business online. So the Arkansas-based retail giant is spending $3 billion in cash and $300 million in stock to purchase online retailer startup Jet. While the two-year-old Jet has yet to turn a profit, the acquisition is the largest involving an e-commerce startup.
