Announced
Financials
Sources
Tags
delivery services
groceries
e-commerce
retail
E-commerce
Cayman Islands
Private
Acquisition
Friendly
Single Bidder
Failed
Synopsis
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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