WALMART BUYS JET.COM FOR $3.3 BILLION

It happened. After much speculation, brick and mortar giant Walmart went through with its sale of rising pure play e-tailer Jet.com. Walmart bought Jet–which has aggressively gone after Amazon since its inception just a year ago–for $3.3 billion in cash and stock. The deal is the largest-ever purchase of a U.S. ...

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