According to various reports on the internet, Walmart is about to buy online retailer Jet, as part of its expansion into the e-commerce platform.
The purchase would allow Walmart consolidate itself as a more attractive option for online shoppers, while also making efforts to increase its physical store presence through express delivery through a network of large warehouses located in suburbs of the United States.
For its part, for the Jet retailer, this purchase would mean to see how difficult which is trying to face the large ecommerce retailers as a competitor.
The company would be looking to offer a much lower price than what it offers Amazon in an Ecommerce Marketplace in which billions of dollars are required, in addition to a well-defined strategy to rely much more on suppliers on own inventory in their own warehouses.
At the moment it is not known precisely how much is what Walmart would pay to buy AmazonHowever, some rumors indicate that this amount rises to 3.000 million dollars in private markets.
It is also important to note that the Jet company, which is only one year old since it was created, has managed to attract more than 500 million private equity firms such as case of Accel Partnets and New Enterprise Associates.
This financing and a valuation of more than $ 1.000 billion are really significant amounts for a retailer currently facing a two-year prospect of losses.
The company actually planned to spend hundreds of millions of dollars in its first two years, most of that money on marketing that would be intended to attract more customers to the Ecommerce site.
If materialized, this could be the largest acquisition of Walmart since buying the South African company Massmart Holdings.