VIZIO
2024
$2.3B
Why
Expand Walmart Connect into connected-TV advertising.
Impact
Gives Walmart the VIZIO smart-TV platform and its ad inventory.
Outcome
The deal closed in December 2024 and VIZIO operates within Walmart's advertising business.
Walmart Inc.
RetailFounded 1962- HQ today: Bentonville, Arkansas
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Walmart Acquisitions
5
Major Deals Covered
$21.6B
Disclosed Deal Value
What are Walmart's biggest acquisitions?
Walmart's largest disclosed acquisition here is Flipkart for $16B in 2018. This page covers 5 major deals from 2004 to 2024, each with its price where disclosed and the reason behind it.
- Major deals covered
- 5
- Largest deal
- Flipkart ($16B)
- First deal
- 2004
- Most recent
- 2024
| Company | Year | Price | Purpose |
|---|---|---|---|
| Jet.com | 2016 | $3.3B | Bring in ecommerce talent and technology, including Jet founder Marc Lore, who went on to run Walmart's U.S. ecommerce business. |
| Flipkart | 2018 | $16.0B | Acquire about 77% of Flipkart to enter Indian ecommerce. |
| VIZIO | 2024 | $2.3B | Expand Walmart Connect into connected-TV advertising. |
| Bonobos | 2017 | Undisclosed | Walmart Inc. acquired Bonobos in 2017. |
| BIG Bompreço | 2004 | Undisclosed | Walmart Inc. acquired BIG Bompreço in 2004. |
- What companies has Walmart bought?
- Major acquisitions by Walmart documented here include Flipkart (2018), Jet.com (2016), VIZIO (2024), Bonobos (2017) and BIG Bompreço (2004).
- What is Walmart's most recent acquisition?
- The most recent Walmart acquisition documented here is VIZIO, in 2024, for $2.3B.
Flipkart
2018
$16.0B
Why
Acquire about 77% of Flipkart to enter Indian ecommerce.
Impact
Flipkart is part of Walmart International; Flipkart Ads led International's 20% advertising growth in Q2 FY27.
Outcome
Walmart remains Flipkart's majority owner.
Bonobos
2017
Why
Walmart Inc. acquired Bonobos in 2017.
Jet.com
2016
$3.3B
Why
Bring in ecommerce talent and technology, including Jet founder Marc Lore, who went on to run Walmart's U.S. ecommerce business.
Impact
Jet's team helped build out Walmart.com, grocery pickup, and delivery.
Outcome
Walmart retired the Jet.com brand in 2020.
BIG Bompreço
2004
Why
Walmart Inc. acquired BIG Bompreço in 2004.
Walmart Inc.'s Growth & Acquisition Strategy
Walmart is pushing store-fulfilled delivery, marketplace assortment, advertising, and membership while keeping its price position. In Q2 FY27 it reported 23% global ecommerce growth, 38% global advertising growth, 17% higher membership fee revenue, and U.S. marketplace sales up 52%.
How Walmart Inc. Makes Money
Most of Walmart's revenue comes from selling groceries, consumables, general merchandise, health and wellness products, and fuel through stores, clubs, and ecommerce. Walmart U.S. is the largest segment at roughly two-thirds of revenue, followed by Walmart International (including Walmex, Flipkart, Walmart Canada, and Walmart China) and Sam's Club U.S. Retail margins are thin, so Walmart has been building income streams on top of the store base: Walmart Connect and Flipkart advertising, Walmart+ and Sam's Club membership fees, third-party marketplace commissions, and Walmart Fulfillment Services for marketplace sellers. Stores double as pickup and delivery points, which lets Walmart fulfill a large share of online orders from existing inventory.
Walmart Acquisitions FAQ
Why did Walmart acquire Jet.com for $3.3 billion in 2016?
Walmart acquired Jet.com to jump-start its US ecommerce operations, acquire modern dynamic cart pricing algorithms, attract younger urban consumers, and install Marc Lore as chief of Walmart U.S. eCommerce.
What was the landmark $16 billion acquisition of Flipkart in 2018?
Walmart paid $16 billion for a 77% controlling stake in Indian e-commerce leader Flipkart, securing leading positions in digital retail, payments (PhonePe, later separated), and India's expanding middle class.
Why did Walmart agree to acquire smart-TV maker VIZIO for $2.3 billion in 2024?
Walmart acquired VIZIO primarily to gain control of its SmartCast connected-TV operating system and viewer data, dramatically expanding Walmart Connect's high-margin connected TV advertising network.
How did Walmart build its dominant retail position in Mexico through Walmex?
Starting with a 50-50 joint venture with Cifra in 1991, Walmart acquired majority control in 1997, creating Wal-Mart de México y Centroamérica (Walmex), the largest private employer and retailer in the region.
What was the acquisition and privatization of Massmart in South Africa?
Walmart acquired a 51% stake in African wholesale retailer Massmart for $2.4 billion in 2011, subsequently buying out remaining minority shares in 2022 to take the company fully private.
Why did Walmart acquire and subsequently divest digitally native brands like Bonobos and Moosejaw?
Between 2016 and 2018, Walmart acquired Bonobos, Moosejaw, and ModCloth to learn digital merchandising; finding little cross-shopping synergy with core Walmart shoppers, it divested them profitably in 2023.
What supply chain automation robotics companies has Walmart acquired?
Walmart acquired Alert Innovation in 2022 to internalize automated grocery micro-fulfillment robotics (Alphabot) and took a significant commercial and equity stake in Symbotic for regional distribution center robotics.
How did the acquisition of Zeekit enhance online shopping on Walmart.com?
In 2021, Walmart acquired virtual fitting room platform Zeekit, allowing customers to use their own photos to virtually try on thousands of apparel items, substantially reducing return rates.
What was the outcome of Walmart's ownership of Asda in the United Kingdom?
Walmart acquired British supermarket chain Asda for £6.7 billion in 1999; in 2021, Walmart sold majority control to the Issa brothers and TDR Capital for £6.8 billion while retaining a minority equity stake.
How does Walmart evaluate technology versus retail asset acquisitions?
Walmart focuses acquisitions on proprietary technologies (connected TV, fulfillment robotics, virtual fitting) and scalable digital marketplaces (Flipkart) rather than capital-heavy brick-and-mortar competitors.
What happened to fintech venture ONE sponsored by Walmart?
Walmart partnered with venture firm Ribbit Capital to build ONE, an integrated consumer digital banking app providing high-yield savings, overdraft protection, and installment lending at checkout.
What is Walmart's M&A philosophy under CEO John Furner?
Walmart pursues targeted acquisitions that reinforce its omnichannel flywheel—enhancing advertising margins, deepening supply chain automation, and expanding third-party marketplace scale.
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