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Walmart Eyes Mexico Grocery Delivery With $225 Million Purchase

The Wal-Mart Stores Inc. logo is displayed on a shopping cart inside the company's location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016.Photographer: Patrick T. Fallon/Bloomberg

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By Cyntia Barrera Diaz

September 13, 2018 at 2:16 PM UTC

Updated on

September 13, 2018 at 7:41 PM UTC

This article is for subscribers only.

Walmart Inc. is snapping up a popular app for grocery deliveries in Mexico.

The company agreed to purchase Cornershop, which also offers a shopping-delivery service in Chile, for $225 million. Walmart will subsequently sell Cornershop’s operations in Mexico to its local subsidiary, Walmex, at a yet-to-be-determined price. The transaction is expected to close this year.