Mexico Blocks Walmart’s Plans To Buy Cornershop
PYMNTS
JUNE 20, 2019
Mexican antitrust regulators blocked Walmart’s plans to buy delivery app Cornershop, according to a report by Reuters. Walmart planned to buy the app for $225 million, to try and give its eCommerce operations in Mexico a shot in the arm. Because of that, regulators didn’t allow the deal to go through.
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