Walmart Pharmacy & Business News

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Report: Wal-Mart explores Jet.com acquisition

In what may be a direct shot across Amazon.com's bow, Wal-Mart is in talks to buy rival Jet.com according to a CNBC report published Wednesday, citing  Dow Jones. "Though it isn't clear how much the world's largest retailer would cough up for Jet, a personal familiar with the talks told Dow Jones that the website could be worth $3 billion, the organization reported Wednesday," the report stated. "Wal-Mart CEO Doug McMillon said at the company's shareholder meeting in June that it would soon become more aggressive in growing its online business." (CNBC)