Wal-Mart In Talks to Buy Jet.com: WSJ

MarketsDow Jones Newswires

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).

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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.

WMTWALMART INC.88.19+0.55+0.63%
AMZNAMAZON.COM INC.1,843.93+21.44+1.18%

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