PetSmart just made the biggest e-commerce acquisition deal ever
- 7 years ago
PetSmart just made the biggest e-commerce deal ever, beating out Walmart's $3.3 billion purchase of Jet.com. The pet store giant has acquired competitor Chewy.com for $3.35 billion, according to Recode. Chewy is a startup that launched in 2011 and although it is still not profitable, PetSmart clearly has high hopes for the venture. Michael Massey, CEO of PetSmart