Walmart confirms it is acquiring for $3B in cash plus $300M in Walmart shares

by Amy Gesenhues
Walmart has confirmed it is acquiring e-commerce site for $3 billion in cash, and an additional $300 million of Walmart shares to be paid over time. While initial reports of the acquisition began late last week, Walmart released its official announcement today. Subject to regulatory approval, the deal has been approved by the board of directors from both Walmart and Jet.Read the full article