Walmart’s decision to revamp its ecommerce model, which has experienced fledgling sales in the past year, has resulted in the brand purchasing Jet.com for approximately $3.3 billion.

An curved arrow pointing right. Walmart is buying Jet.com in the largest e-commerce acquisition in history. We interviewed Jet.com CEO and cofounder Marc Lore in October 2015. During the interview ...

Walmart said Tuesday that it plans to shut down Jet.com, the e-commerce site it acquired in 2016 for $3.3 billion. "Due to continued strength of the Walmart.com brand, the company will discontinue ...

Walmart shocked the world when it bought hot e-commerce startup Jet.com in a $3.3 billion deal in 2016. CEO Doug McMillon hailed it as a new era for Walmart. "Together, both Jet.com and Walmart ...

In 2016, Walmart acquired Jet.com and Heyneedle, a subsidiary of Jet.com. The company makes a company to become the most ...

However, Walmart's biggest chest thump came in 2016, when it purchased Jet.com for $3 billion. The hope was that Jet.com would help Walmart establish a bigger online presence. (Walmart announced ...

Jet.com, and Flipkart, which didn’t seem to be bearing fruit. Analysts have pointed out that Walmart's (WMT) ability to win ...