Walmart buying Hoboken-based e-commerce firm Jet.com for more than 3B

Nearly 3 billion in cash to grow one&#8217s brand? Jet. com will take it. Wal-Mart Stores has agreed to acquire the Hoboken-based online retailer in order to expand the e-commerce growth and customer reach of its Walmart brand, Doug McMillion, CEO and president of Wal-Mart Stores, said in a statement.

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