Rumor has it that Jet.com is going to be sold to Walmart for $3 billion dollars. Jet.com had a goal to become a 40 billion dollar company within 5 years. Walmart wants its presence to be felt on major markets, and this sure is a start.
Cowen & Co.'s analyst Oliver Chen had this to say about both companies coming together,
It's unclear how Jet.com plans to leverage Walmart's massive physical store network to grow its online business. But it's not hard to imagine seeing some form of partnerships take place like using Walmart as a pick up location.
I personally shop at both places on a daily basis, and I am excited to see what the future holds for both companies.