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PetSmart spends $3.35 billion, buys Chewy.com in massive acquisition

PetSmart announced it’s spending $3.35 billion dollars buying Chewy.com, an e-commerce store for pet food. The deal is by far the biggest e-commerce acquisition ever, bigger than when WalMart bought Jet.com. Formed in 2011, Chewy.com is among the fastest growing e-commerce destinations on the Internet, with almost $900 million dollars in revenue last year. The […]

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