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Sold! Walmart Acquires Jet.com For $3.3 Billion

Its official! Wal-Mart announced Monday of buying e-commerce site Jet.com Inc. The retail giant has reportedly purchased the one-year-old company for $3.3 billion which includes $3 billion in cash and $300 million in stock. Wal-Mart also confirmed that after the acquisition, Jet.com will continue to work as a separate entity. ...

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