Walmart on Monday announced that it plans to acquire, paying $3 billion in cash and another $300 million worth of Walmart shares. With the acquisition, " will grow faster, the seamless shopping experience we're pursuing will happen quicker, and w''ll enable the Jet brand to be even more successful in a shorter period of time," McMillion said. The announcement of the deal comes about three months after Walmart CEO Doug McMillon told investors that the company's global e-commerce sales growth was too slow to satisfy internal goals.