Bucknellian sells his e-commerce start-up to Wal-Mart for $3.3 Billion - Basketball U.

Username

Post: Bucknellian sells his e-commerce start-up to Wal-Mart for $3.3 Billion

Bison137
Professor
Posts: 16147

Reg: 01-23-06

08-12-16 11:13 AM - Post#209497

Marc Lore '93 just sold his Jet.com site to Wal-Mart for about $3.3 Billion. He will stay on as CEO and also take over as the head of Walmart.com. He stands to make about $1 Billion out of the deal. He sold his earlier start-up company to Amazon for $550 Million a couple of years ago.

The CEO retail can't resist

Why Wal-Mart couldn't let Jet.com's founder get away again

Lore is one of a long line of successful Bucknell entrepreneurs.

NOTE: You are viewing an individual Post. View the Entire Topic

Location: Main Index » Forum Index » Patriot League » Bucknell Bison » Bucknellian sells his e-commerce start-up to Wal-Mart for $3.3 Billion » Post#209497