Walmart Drops $3.3B on an Amazon Killer Acquisition of Jet.com announced Monday By Kate Seamons, Newser Staff Posted Aug 8, 2016 8:50 AM CDT 43 comments Comments In this May 9, 2013, file photo, a worker pushes shopping carts in front of a Walmart store in La Habra, Calif. (AP Photo/Jae C. Hong, File) (Newser) – It's a year-old startup that wasn't yet profitable. Now Jet.com enters the books as the largest-ever e-commerce startup acquisition. Walmart announced Monday that it would purchase the site for $3.3 billion, with all but $300 million of that in cash; the rest takes the form of Walmart shares, reports the Wall Street Journal. The move is a major salvo in Walmart's battle against Amazon. How the deal—which will preserve Jet.com but beef up Walmart.com using its software—is being framed: Walmart has quite a hill to climb. Though Walmart.com launched in 2000 to Amazon.com's 1994, Walmart's online sales amounted to $14 billion in 2015, to Amazon's $107 billion, notes the Journal. Including brick-and-mortar sales, though, brings Walmart's revenue to $482 billion. In a year, Jet.com reached a run-rate of $1 billion in revenue. But at Business Insider, Hayley Peterson delves into three reasons—customer base, distribution center potential, and Jet.com's shipping prowess—why the acquisition could become a "nightmare" for Amazon, proclaiming "everyone is underestimating Walmart's ability to crush Amazon." At Reuters, Jennifer Saba writes of some of the things that are holding Walmart back, among them, Amazon's move into Walmart's turf with expanded fresh-food delivery. TechCrunch has some interesting details on Jet.com founder Marc Lore, whose prior business, Quidsi, was scooped up by, yes, Amazon for $545 million. Lore could walk away with $750 million from the Jet.com deal; he'll remain at the helm. Your bit of bar trivia: Jet.com takes the e-commerce startup sale record from Zulily, which was acquired by QVC for $2.4 billion, reports recode.