Walmart to buy for $3.3bn

Walmart has announced plans to buy e-commerce site for $3.3bn (£2.5bn) in a move that could help boost its online retail sales.Walmart has been struggling to compete against online retailers like Amazon. has soared in the e-commerce space since it launched in 2015, undercutting some of Amazon’s prices.
Walmart and will remain separate companies, but will co-operate over technology.