Wal-Mart In Talks to Buy Jet.com: WSJ
Wal-Mart (NYSE:WMT) is in talks to buy online discount retailer Jet.com according to the Wall Street Journal in what would mark a disappointing end for one of the most ambitious challengers to Amazon (NASDAQ:AMZN).
The deal could be valued around $3 billion. Wal-mart has a market cap of $226 billion and has struggled to build its online arm.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 128.09 | +1.90 | +1.51% |
| AMZN | AMAZON.COM INC. | 266.66 | -0.78 | -0.29% |
This is a developing story..