Walmart to Announce $3 Billion Buy of Amazon Rival Jet

Recode: Walmart is set to acquire two-year-old online retailer Jet.com in what appears to be the largest-ever acquisition of an e-commerce company. The deal is expected to value Jet at right around $3 billion. Some senior Jet execs, including co-founder and CEO Marc Lore, will have incentive bonuses on top of that.