Link: http://www.npr.org/2016/08/08/489218036/wal-mart-acquires-jet-com-for-3-3-billion-to-challenge-amazon

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A quick couple of comments on NPR’s “All Things Considered” about why Wal-Mart paid $3.3bn for e-commerce startup, Jet.com (nice exit for the early-stage investors).

http://www.npr.org/2016/08/08/489218036/wal-mart-acquires-jet-com-for-3-3-billion-to-challenge-amazon

What didn’t make it through the editing: Jet.com has good algorithms and software for real-time price management, and a comment about a startup having something the industry’s biggest company hadn’t been able to produce internally.

Erik Gordon
Ross School of Business
University of Michigan