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WALMART TO ACQUIRE JET.COM FOR UP TO $3.3 BILLION IN CASH AND STOCK

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Coresight Research

Key Points

  • Walmart (WMT) and Jet.com announced today they have signed of a definitive agreement under which Walmart will acquire Jet.com for approximately $3.3 billion in cash and stock.
  • The acquisition is expected to close by the end of the calendar year, subject to regulatory approvals. com’s CEO, Marc Lore, is expected to assume a senior management position at the combined entity.
  • In the deal, Jet.com gets access to Walmart’s scale and balance sheet, and Walmart gets access to Jet’s management team, customer base and technology.
  • Consumers will likely continue to benefit from the merger of two companies focused on delivering low prices to their customers.
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