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TOP COVERAGE TERMS FOR August 2016:
The retail giant is in talks to buy online discount retailer Jet.com, The Wall Street Journal reported Wednesday. It isn’t clear how much Wal-Mart would pay, but Jet could reportedly be valued at up to $3 billion in private markets. Jet, whose most recent private-market valuation was $1.4 billion, has a brand that resonates with customers who might not otherwise shop at Wal-Mart. But it faces the prospect of years of losses as it works to attract users.
UK online ad spending will pass £3bn this year, according to a new report by eMarketer which also predicts that internet users will spend longer online. E-commerce will also thrive, passing £50bn, as more consumers avoid the stress of crowded transport systems and city centres to shop from home. The report's author, Karin von Abrams, said: "Search-related advertising will remain the primary focus of the UK market for some time to come."
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