Walmart Inc.
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Acquisitions
3
Total Acquisitions
$21.6B
Disclosed Deal Value
2024
$2.3B
Expand Walmart Connect into connected-TV advertising and retail media measurement.
The deal strengthened Walmart ability to connect viewing, shopping, and advertising attribution.
VIZIO supports Walmart higher-margin advertising strategy layered onto retail traffic.
2018
$16.0B
Gain major exposure to India ecommerce and digital payments growth.
Flipkart and PhonePe gave Walmart a long-term international digital platform outside the U.S. store model.
Flipkart remains one of Walmart most important international technology and marketplace investments.
2016
$3.3B
Accelerate Walmart ecommerce capability and recruit digital retail talent.
Jet.com brought ecommerce operators and technology that helped Walmart.com, grocery pickup, and delivery mature faster.
The Jet.com brand was later retired, but the talent and operating lessons were absorbed into Walmart digital commerce.
Walmart strategy centers on value-led grocery traffic, marketplace growth, Walmart Connect advertising, Sam's Club momentum, automation, same-day fulfillment, international platforms, and keeping everyday-low-price trust intact while adding higher-margin services.
Walmart makes money by selling groceries, consumables, general merchandise, pharmacy products, fuel, and services through stores, clubs, ecommerce, and marketplace channels. The core model is high-volume retail with thin margins, high inventory turns, and intense supplier and logistics discipline. The higher-margin growth layer comes from Walmart Connect advertising, Walmart+ membership, third-party marketplace fees, fulfillment services, Sam's Club membership income, and data-informed retail media tied to actual shopper behavior.
Notable deals include Jet.com for ecommerce capability, Flipkart for India digital commerce, and VIZIO for connected-TV advertising.
Walmart uses deals to add technology, marketplace talent, advertising reach, and international digital exposure.
Deals supplement Walmart store and logistics base with faster digital and media capabilities.
No. Walmart also relies on organic product development, operating execution, and customer expansion.