Feb 12, 2022
The world’s largest retailer Walmart said that it will acquire Jet.com – an amazon rival for $3 billion in cash. It will also give Jet.com $300 million worth of Walmart shares, which will be paid out over time.
The world’s largest retailer Walmart said that it will acquire Jet.com – an amazon rival for $3 billion in cash. It will also give Jet.com $300 million worth of Walmart shares, which will be paid out over time.
The founder of Jet.com, Marc Lore (an e-Commerce Entrepreneur known for selling well-regarded online platform), and members of his executive team will get undisclosed management roles at the company.
