M&A Deal Summary

Walmart Acquires Jet.com

On August 8, 2016, Walmart acquired e-commerce company Jet.com for 3.3B USD

Acquisition Highlights
  • This is Walmart’s 1st transaction in the E-Commerce sector.
  • This is Walmart’s 3rd largest (disclosed) transaction.
  • This is Walmart’s 3rd transaction in the United States.
  • This is Walmart’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2016-08-08
Target Jet.com
Sector E-Commerce
Buyer(s) Walmart
Deal Type Add-on Acquisition
Deal Value 3.3B USD

Target

Jet.com

Hoboken, New Jersey, United States
Jet.com, Inc. is an online retailer offering household items, electronics, pet supplies and related items. Jet.com was formed in 2013 and is based in Hoboken, New Jersey.

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Buyer(S) 1

Buyer

Walmart

Bentonville, Arkansas, United States
Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 611.3B USD (2023)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM?S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.

DEAL STATS #
Overall 8 of 22
Sector (E-Commerce) 1 of 5
Type (Add-on Acquisition) 5 of 17
State (New Jersey) 1 of 1
Country (United States) 3 of 15
Year (2016) 2 of 2
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Cruise Automation

San Francisco, California, United States

Cruise Automation is a developer of autonomous vehicle technology and solutions. Founded in 2013, Cruise has moved to develop and test autonomous vehicle technology in San Francisco’s challenging city environment.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Moosejaw

Madison Heights, Michigan, United States

Moosejaw is a multi-channel retailer of premium quality outdoor apparel and equipment. Moosejaw was founded in 1992 and is based in Madison Heights, United States.

Buy $51M
Mergr

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