M&A Deal Summary

Walmart Acquires Simplexity

On May 23, 2014, Walmart acquired retailer Simplexity for 10M USD

Acquisition Highlights
  • This is Walmart’s 6th transaction in the Retail sector.
  • This is Walmart’s 11th largest (disclosed) transaction.
  • This is Walmart’s 2nd transaction in the United States.
  • This is Walmart’s 1st transaction in Virginia.

M&A Deal Summary
Date 2014-05-23
Target Simplexity
Sector Retail
Buyer(s) Walmart
Deal Type Special Situations/Distressed
Deal Value 10M USD

Target

Simplexity

Reston, Virginia, United States
Simplexity is an online seller of wireless services and products. Simplexity is based in Reston, Virginia.

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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 7 of 23
Sector (Retail) 6 of 7
Type (Special Situations/Distressed) 1 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 16
Year (2014) 1 of 1
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-23 Distribución y Servicio D&S S.A.

Santiago, Chile

Distribución y Servicio D&S S.A. is a Chilean grocery store chain. D&S was formed in 1962 and is based in Santiago.

Buy $2.7B
FOLLOWING 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
Mergr

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Company

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