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

IndustriesDow 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.86.98-0.91-1.04%
AMZNAMAZON.COM INC.1527.49-29.42-1.89%

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