It's official: Wal-Mart to buy Jet.com for $3 billion, in bid to boost its e-commerce biz
August 08, 2016 at 08:30 AM EDT
In a bid to juice its online business, Wal-Mart agreed Monday to acquire online retailer Jet.com in a deal valued at about $3 billion, one of the largest-ever acquisitions of an e-commerce company.