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Wal-Mart In Talks To Buy Jet.Com Inc., Reports Say

August 3, 2016: 12:00 AM EST
Wal-Mart Stores Inc. is reportedly negotiating to buy online discount retailer Jet.com Inc. Representing a significant expansion in Wal-Mart's e-commerce operations and efforts to compete with online rival Amazon.com Inc., a purchase deal would improve the retail giant's warehousing and delivery capabilities. Launched in 2014, Jet.com began as a most serious challenge to Amazon's hold on the market leadership position in the online retail segment. Jet.com has raised more than $500 million and could be valued at up to $3 billion.
Greg Bensinger et al, "Wal-Mart in Talks to Buy Web Retailer Jet.com", The Wall Street Journal, August 03, 2016, © Dow Jones & Company, Inc.
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