January 5, 2017 / 2:39 PM / 7 months ago

BRIEF-Walmart's Jet acquires ShoeBuy from IAC

1 Min Read

Jan 5 (Reuters) - Walmart Stores Inc :

* Walmart's Jet announces acquisition of ShoeBuy, an online footwear retailer, from IAC

* Wal Mart Stores Inc- ShoeBuy will operate as a standalone and complementary site

* Wal Mart Stores Inc - ShoeBuy CEO Mike Sorabella, his executive team, and ShoeBuy's employees will continue to be based in Boston and will join co

* Wal Mart Stores Inc- acquired ShoeBuy from IAC for approximately $70 million Source text: (bit.ly/2jeb9iZ ) Further company coverage:

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