Walmart is reportedly buying a 2-year-old online store for $3 billion


Recode reports that retail megacorporation Walmart is slated to acquire Jet.com for $ 3 billion; the company is expected to announce the deal on Monday. That would mark a major turning point for an ecommerce firm that’s only been around for two years. Interestingly, it only opened its doors to customers in the US last July, and did so with a $ 49 membership fee. If the deal goes through, it’ll be the largest ecommerce acquisition in the country, ousting QVC’s $ 2.4 billion purchase of Zulily last year from the top spot. Jet.com launched in the US a little over a year…

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