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Report: Wal-Mart buying Jet.com for $3B

Posted online August 8, 2016 | 11:32 am

Wal-Mart is set to acquire two-year-old online retailer Jet.com for $3 billion, people familiar with the matter told Recode.

The deal is expected to be announced today.

The purchase would be the largest-ever acquisition of an e-commerce company.

Read more from Recode.

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