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NEW YORK — Shares of Amazon.com soared more than 26% Monday after a published report said the online retailer was forming a strategic alliance with Wal-Mart Stores Inc.
Britain’s Sunday Times said that under the deal, expected to be announced in six weeks, Amazon would handle Wal-Mart’s online strategy, similar to a deal Amazon struck with Toysrus.com in August. In return, Amazon would gain presence in Wal-Mart’s stores. The deal would involve revenue-sharing on both sides.
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