Walmart Pharmacy & Business News

Image description

Report: Wal-Mart explores acquisition

In what may be a direct shot across's bow, Wal-Mart is in talks to buy rival 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)