Walmart Acquires 1 Year Old Jet.com For $3 Billion: 3 Observations for The Indian Ecommerce Industry
Jet.com, which was launched in July, 2015, has been acquired by world’s largest retailer Wal-mart for $3 billion in cash and $300 million in stocks, which would be transferred in a phased manner. This acquisition has been termed as the biggest deal which $350 billion US ecommerce industry ever witnessed. Wal-Mart, which is desperately fighting…