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Walmart Buys Jet.com For $3 Billion

2016-08-08 19:05:51| PC Magazine Software Product Guide

Walmart stands to gain "fresh ideas and expertise, as well as an attractive brand with proven appeal."

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Walmart buys Jet.com for over USD 3 billion

2016-08-08 16:12:00| Telecompaper Headlines

(Telecompaper) Wal-Mart has agreed to buy Jet.com, a newcomer on the US e-commerce market, for USD 3 billion in cash. A portion of the cash payment will be paid over time, as well USD 300 million in Walmart shares. The takeover of Jet is expected to help Walmart improve its online position against the likes of Amazon and with young audiences used to shopping more online. Jet.com's co-founder and CEO Marc Lore previously co-founded and led Quidsi, the parent company of e-commerce sites Diapers.com, Soap.com and Wag.com, which was eventually bought by Amazon.

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Apple buys AI startup Turi for USD 200 mln - report

2016-08-08 09:14:00| Telecompaper Headlines

(Telecompaper) Apple has bought machine learning and artificial intelligence startup Turi, formerly known as Dato and GraphLab and founded by Carlos Guestrin, GeekWire reported. No financial details were given but sources with knowledge of the deal put the purchase price at around USD 200 million. The acquisition reflects a larger push by Apple into artificial intelligence and machine learning. It also promises to further increase its presence in the Seattle region. Both Apple and Turi declined to comment.

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Apple buys up AI firm Turi

2016-08-08 02:00:00| Total Telecom industry news

iPhone maker reportedly pays $200 million for U.S. machine learning specialist.

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Cott Corp buys S&D Coffee for US$355m as H1 returns to black - results

2016-08-04 17:59:00| Daily beverage news and comment - from just-drinks.com

Cott Corp is to pay US$355m for coffee and tea supplier S&D as it continues to diversify away from CSDs.

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