WalMart picks up another business running on a premium one word, three letter domain name. CNBC reported that WalMart will acquire the website Art.com. In 2016 they acquired Jet.com for nearly $3Billion.
From the article:
Art.com is one of the largest online sellers of art and wall decor globally, Walmart said. A person familiar with the deal said the size of this acquisition is similar to Walmart’s other recent deals and that Art.com recently was bringing in more than $300 million in sales annually.
