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PetSmart Acquires E-Commerce Upstart Chewy

May 1, 2017

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PetSmart, with more than 1,500 brick and mortar stores across the US, has agreed to acquire online pet retailer Chewy.com.

What’s most interesting about this deal is redcode reported the pet store giant will purchase its young rival for $3.35 billion, just slightly more than Walmart paid for Jet.com last year. Additionally, the e-commerce upstart, founded in 2011 by Ryan Cohen and Michael Day, is headquartered in Dania Beach, Florida, not Silicon Valley.

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