Walmart Buys Ecommerce Startup Jet.com for $3 Billion to Compete Online With Amazon

Technology expertise will accelerate app sales

As more shopping moves to desktops and smartphones and growing competition from Amazon, Walmart is snatching up startup Jet.com for $3 billion.

@laurenjohnson lauren.johnson@adweek.com Lauren Johnson is a senior technology editor for Adweek, where she specializes in covering mobile, social platforms and emerging tech.
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