What was the acquisition price of Jet.com in 2016?

Walmart’s 2016 acquisition of Jet.com was valued at $3.3 billion. The announced structure combined about $3 billion in cash with approximately $300 million in Walmart stock paid over time.

Walmart announced the deal on August 8, 2016, and completed it on September 19. Jet.com had been founded in 2014 by Marc Lore, who previously co-founded Diapers.com parent company Quidsi. Lore joined Walmart to lead its U.S. e-commerce business, making the transaction both a technology investment and a major talent acquisition.

The purchase was part of Walmart’s effort to compete more aggressively with Amazon and accelerate its online growth. Jet.com and Walmart.com initially operated as separate brands while sharing technology, logistics, and expertise. Walmart also gained a stronger base for later online acquisitions and digital initiatives.

Some sources describe the transaction as a $3 billion acquisition because they emphasize the cash component. The commonly quoted headline value, however, includes the stock consideration and is therefore $3.3 billion. Jet.com’s consumer website was eventually discontinued, but its people and technology influenced Walmart’s e-commerce expansion.