Wal-Mart to buy Jet.com in bid to strengthen e-commerce offering

Wal-Mart Stores Inc said on Monday it would buy online retailer Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it races to build a Web business to better compete with Amazon.com Inc. Wal-Mart's online business has struggled, posting its slowest growth in a year in the latest quarter, and the Jet deal reflected management's eagerness to prioritize online growth. Wal-Mart, the world's largest retailer, said it would pay around $3 billion in cash for Jet, part of