Target Acquires Shipt For $550 Million

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By Jason Del Rey, Recode

“Another domino just fell in the wake of the Amazon – Whole Foods acquisition.  Target announced on Wednesday morning that it plans to make one of its biggest acquisitions in recent history by purchasing Shipt, a startup that delivers groceries on the same day customers place an order, for $550 million in cash.”

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Comments

  • http://tech.mn Jeff Pesek

    Good on Target, may they continue making these types of power plays…now comes the integration, rollout, scale :)

    +interesting HN thread: “I was employee #2 at Shipt and the early CTO. Was really great seeing us go from absolutely nothing to a strong platform, great team and lots of customers…” – https://news.ycombinator.com/item?id=15915290

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