WAL-MART ACQUIRES SHOEBUY FOR ABOUT $70M

Wal-Mart Stores Inc. seems bullish in growing its online business. Just recently, it acquired the fashion e-tailer ShoeBuy through Jet.com. Wal-Mart reportedly secured the deal for about $70M from IAC, a U.S. media and internet company. Wal-Mart seems optimistic about this endeavor. “Jet.com will gain the experience of a well-established e-commerce ...

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