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Wal-Mart to Acquire Jet.com for $3.3 Billion to Fight Amazon

08-08-2016 • http://www.bloomberg.com

Wal-Mart Stores Inc. agreed to buy e-commerce startup Jet.com Inc. for about $3.3 billion, giving the world's largest retailer the resources for a stronger shopping website to compete with market leader Amazon.com Inc.

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Wal-Mart to Acquire Jet.com for $3.3 Billion to Fight Amazon

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