Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
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Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#2This would make Wal-mart the biggest production Azure user in terms of actual traffic. That'd be a killer position for Microsoft to be in.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#3Article not behind paywall: http://nasdaq.com/article/wal-mart-in-talks-to-buy-web-retai...
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#4Wonder if the "tip" is part of a strategy to shop the deal, like the LinkedIn post-mortem revealed. Last I heard, Jet.com was haemorrhaging cash buying more growth with massive discounts.
Looks like it would be a good exit given how much capital they've raised: $565M per crunchbase.com/organization/jet. 6x capital in means everyone should make good money.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#5When Jet.com came out, I often checked it against Amazon, and did make some purchases through it. But there's some odd gaps, it has no category through which I can buy Blu-rays, for example. And it has huge inventory gaps on very basic current items. I honestly forgot to keep checking what I could get through it, as the gimmick of adding up a bunch of items for savings rarely amounted to very much.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#6Interestingly not a huge exit its "just" 3x. (Edited from 6x I looked at investment not valuation originally) For all the news around Jet taking on Amazon I'm not sure this is signaling a win for them.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#7this is excellent news. I love amazon prime, and have a hard time seeing me switching, but Amazon needs a competitor, even if it isn't huge.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#8Just Marc Lore things.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#9Interestingly not a huge exit its "just" 3x. (Edited from 6x I looked at investment not valuation originally) For all the news around Jet taking on Amazon I'm not sure this is signaling a win for them.
$500M invested, previous valuation ~$1B, so a "3x" exit.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#10There are a lot of product categories I've found its impossible to compete in because jet has this combination of impossibly low prices, and stupid high cpc's on Google. I wonder if an acquisition will bring things to more sustainable levels?