Wal-Mart $3 billion acquisition of Jet.com

8/8/2016

Public acquisition

Value:

$ 3 billion

Status:

Completed

Date:

8/8/2016

Overview:

Wal-Mart has acquired online retailer Jet.com in a $3 billion deal.
The purchase signals a strategical pivot on the part of Wal-Mart to compete more effectively online with companies such as Amazon.
Wal-Mart's online retail platform Walmart.com will continue to operate as a separate entity from Jet.com.
Gibson Dunn & Crutcher (Rashida La Lande) advised Wal-Mart.
Fenwick & West (Theodore Wang, Kriston Withrow) advised Jet.com.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Consumer goods and services

Firms:

Fenwick & West

Party: Jet.com (Target)

Gibson Dunn & Crutcher

Party: Wal-Mart (Acquirer)

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