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August 8, 2016 12:35 pm GMT

Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon

jet.comWalmart today took its biggest step yet in its bid to compete against Amazon in the world of digital commerce: today the retail giant announced that it would be acquiring Jet.com — an online-only shopping site that has been live for a little over a year — for $3 billion in cash, plus up to $300 million in shares for the founders and others at the company. Jet.com will continue… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1VPQJqL9VpY/

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