Walmart buys for 3.3 billion dollars

Walmart buys for 3.3 billion dollars

Walmart reached a deal to acquire online retailer, a deal that had been lingering for a few days but has now been officially announced. Walmart will pay 3.3 billion dollars (3 billion euro) to acquire the company.


Continue online growth

Walmart and hope to finalize the deal this year, with a majority of the sum paid in cash, while 300 million dollars will be turned into Walmart shares. and Walmart will continue to operate as two separate entities, despite the acquisition. Walmart will focus on low prices, while will target a more mainstream audience.


Marc Lore,'s CEO and co-founder, will also join Walmart, bringing a wealth of online experience to the company.


Walmart hopes's acquisition will help continue the company's online growth. Currently, it trails Amazon as the largest online retailer in the United States, but its growth has slowed down a lot over the past few months.