ABU DHABI/WAM The United Arab Emirates expresses concern regarding the statement issued by the Kingdom …
Read More »Wal-Mart to acquire Jet.com for $3.3bn to fight Amazon
Bloomberg Wal-Mart Stores Inc. agreed to buy e-commerce startup Jet.com Inc. for about $3.3 billion and put founder Marc Lore in charge of the combined company’s online operations, marking the retail giant’s strongest bid yet to compete with e-commerce leader Amazon.com Inc. The deal includes $3 billion in cash and $300 million in shares that will be paid over …
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