Done. Deal. #Walmart announced on Monday that its monster $3.3 billion acquisition of e-commerce startup #Jet.com is official. Walmart CEO Doug McMillon broke the news with a photo posted to Instagram on Monday. #Startup-y!
In a blog post, McMillon explained the deal by saying, “Walmart and Jet.com obsess about saving customers time and money. By joining forces, we’ll be better at doing both, creating seamless shopping from app to site to store.”
After the honeymoon ends, the challenges for both sides will be many.
For one, #Amazon continues to gain market share in the U.S. and doesn’t appear to be losing any steam, while Walmart’s e-commerce growth has decelerated for most of the past year and a half.
http://www.recode.net/2016/9/19/12979008/walmart-jet-acquisition-closed?mkt_tok=eyJpIjoiTTJVMk9UazBOVGswTmpSbSIsInQiOiI2dHAwdjRWVnVhWTZWMG05WEtvU2RwK2w3RytBdWNyc253cXE2UTJLUkNhU2l4VnB2RVRPcHJhTlV5a2lrd1gwcFdFUzFTS1M5cld3VmU3MVdCTjVkR0lqOGpicmFcL3VRUFd5Qys5OWtKUk09In0%3D
No comments:
Post a Comment