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  1. www.cnbc.com › 2020/05/19 › walmart-winds-down-jetcom-four-years-after-3point3Walmart winds down Jet.com four years after $3.3 billion...

    May 19, 2020 · On Tuesday, Walmart announced it will discontinue Jet.com and phase out the brand. Walmart CEO Doug McMillon said the company gained more than a name. On a call with analysts, he credited the...

  2. corporate.walmart.com › news › 2016/08/08Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e...

    Aug 8, 2016 · Wal-Mart Stores, Inc. and Jet.com, Inc. today announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash, a portion of which will be paid over time.

  3. www.cnet.com › tech › services-and-softwareWalmart will discontinue Jet.com, nearly four years after $3B ......

    May 19, 2020 · Walmart on Tuesday said it's shutting down Jet.com, an e-commerce site that's seen weakening online traffic for years. The announcement was part of the world's biggest retailer's latest...

  4. en.wikipedia.org › wiki › JetJet.com - Wikipedia

    Jet.com was an American e-commerce company headquartered in Hoboken, New Jersey. The company was co-founded in 2014 by Marc Lore (who had previously sold Diapers.com to Amazon.com ), along with Mike Hanrahan and Nate Faust.

  5. nypost.com › 2020/05/19 › walmart-shutting-down-jet-com-after-buying-it-four-yearsWalmart shutting down Jet.com after buying it four years ago for...

    May 19, 2020 · Walmart said it’s shutting down Jet.com, just four years after it shelled out $3.3 billion to buy the online grocery startup in a bid to compete with Amazon.

  6. corporate.walmart.com › news › 2016/09/19Walmart Completes Acquisition of Jet.com, Inc.

    Sep 19, 2016 · As previously disclosed, Walmart acquired Jet.com for approximately $3 billion in cash, a portion of which will be paid over time, and $300 million of Walmart shares, all of which will be paid over time. The deal builds on Walmart’s strong e-commerce foundation and is intended to help accelerate growth and deliver a seamless shopping ...

  7. www.fool.com › investing › 2020/05/20Jet.com May Be History, but Walmart Got What It Needed

    May 20, 2020 · Jet.com, the fledgling e-commerce site Walmart (WMT 0.48%) acquired in 2016 for $3.3 billion, is being discontinued. Walmart made the announcement in its first-quarter earnings report on Monday.

  8. www.businessinsider.com › walmart-acquisition-of-jet-gave-ecommerce-boost-2019-6Walmart's Acquisition of Jet.com Gave It a Huge E-Commerce Boost...

    Jun 13, 2019 · Walmart bought hot e-commerce startup Jet.com in a $3.3 billion deal in 2016, and three years later it's combining the behind-the-scenes teams.

  9. www.businessinsider.com › walmart-shuts-down-jet-4-years-after-buying-theWalmart Shuts Down Jet 4 Years After Buying the Company - Insider

    May 19, 2020 · Walmart is shutting down Jet.com, the e-commerce site it acquired for $3.3 billion four years ago. Walmart last year announced plans to absorb Jet's staff into its operations and said Jet would...

  10. techcrunch.com › 2020/05/19 › walmart-says-it-will-discontinue-jet-com-which-itWalmart says it will discontinue Jet, which it acquired ... -...

    May 19, 2020 · Jet.com’s fate was disclosed as part of a Walmart’s Q1 earnings report, in which the company said it saw growth of less than 10% in its core US market, and said that it would be withdrawing...