Is Wal-mart Deal to Jet.com for $3B a ‘Desperate Move’?

Published on Aug 8, 2016

Aug. 8 -- Wal-Mart Stores Inc. (WMT, quote) agreed to buy e-commerce startup Jet.com Inc. for about $3 billion in cash, giving the world’s largest retailer the resources for a stronger shopping website to compete with Amazon.com Inc., the online market leader.