Wal-Mart’s Deal for Jet.com Said to Hinge on Keeping Its Founder

  • Marc Lore said to stay to run retailer’s e-commerce division
  • Purchase for $3 billion would help Wal-Mart challenge Amazon

Here's Why Wal-Mart Might Want to Buy Jet.com

Wal-Mart Stores Inc. and e-commerce startup Jet.com Inc. are trying to close a $3 billion acquisition as soon as Monday that will require Jet founder Marc Lore to head the retailer’s online division for several years, according to people familiar with the matter.

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