IT'S OFFICIAL: Walmart is buying Jet.com for $3 billion

Walmart is buying the ecommerce company Jet.com for $3 billion in an all-cash deal.

More to come…

NOW WATCH: A self-made millionaire describes the financial mistakes to avoid if you want to get rich by 30

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.