Walmart on Monday announced that it plans to acquire Jet.com, paying $3 billion in cash and another $300 million worth of Walmart shares. With the acquisition, “Walmart.com will grow faster, the seamless shopping experience we’re pursuing will happen quicker, and w”ll enable the Jet brand to be even more successful in a shorter period of time,” McMillion said. The announcement of the deal comes about three months after Walmart CEO Doug McMillon told investors that the company’s global e-commerce sales growth was too slow to satisfy internal goals.
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