03-08-2016 17:33 via news.yahoo.com

Wal-Mart in talks to buy online retailer Jet.com: WSJ

(Reuters) - Wal-Mart Stores Inc is in talks to buy online retailer Jet.com, the Wall Street Journal reported, citing people familiar with the matter. It was not clear how much Wal-Mart would pay, but Jet.com could be worth as much as $3 billion, the WSJ said. (http://on.wsj.com/2b2FbPz) Marc Lore launched Jet.com in July last year, promising big discounts in exchange for members placing large orders and paying an annual fee. Jet.com, considered a close competitor to Amazon.com Inc and Wal-Mart,
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