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New Deal


Announced

Failed Walmart's acquisition of Cornershop for $225M.

Financials

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Transaction Value£172m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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delivery services

groceries

e-commerce

retail

E-commerce

Cayman Islands

Private

Acquisition

Friendly

Single Bidder

Failed

Synopsis

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Walmart and delivery app Cornershop abandoned plans of acquisition after Mexican anti-trust officials blocked the deal. Walmart wanted to acquire Cornershop, provider of on-demand delivery from supermarkets, pharmacies, and specialty food retailers in Mexico and Chile, for $225m. The deal was seen as an opportunity to leverage both the brands, as well as Walmart’s strong supply chain and store network.

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