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Walmart, eyeing Amazon, buys Jet.com for $3.3B


It’s a done deal. After days of rampant rumors, Walmart on Monday said it has reached an agreement to buy fast-growing online retail newcomer Jet.com, which had a splashy debut a year ago. At the time, Jet.com owners made the bold prediction that it would challenge Jeff Bezos’ online leader Amazon. Walmart will pay $3...
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Source: New York Post


13:13, August 8, 2016 Post Staff Report

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