Insight Report 4 minutes PremiumWalmart in Talks to Acquire or Invest in E-Commerce Upstart Jet.com Coresight Research August 3, 2016 Executive Summary This morning, The Wall Street Journal broke the story that Walmart (WMT) is in talks to acquire e-retailer Jet.com for up to $3 billion. It is possible that the transaction could ultimately be a strategic investment. Jet officially launched one year ago, and reportedly reached a $1 billion annual revenue run rate and exceeded internal targets in July. The company has reportedly been seeking to raise $640 million at a $1.7 billion valuation. Jet would be a good fit for Walmart, which is increasingly focusing on its online business. Revenue growth in Walmart’s online business decelerated to 7% in the first quarter of 2016 from 12% in 2015. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Alarming Return Rates Require Loss-Minimization Solutions: Key Insights—Free InfographicUS Store Tracker Extra, April 2024: Ross Stores To Open 2+ Million Square Feet of Retail SpaceHoliday 2023: Exclusive Black Friday and Cyber Monday Survey FindingsThree Things You Need To Know: Leading Indicators of US Retail Sales—December 2022