Hacker News Reader

Of course not, it will be a very large novelty check. /s

But why cash or at least 100% cash? Just seems weird to me that at least some of it wasn't in stock. Is it because Jet was still private, so any stock in the deal would have been immediately liquidated by the VCs?

View on HN

> But why cash or at least 100% cash? Just seems weird to me that at least some of it wasn't in stock. Is it because Jet was still private, so any stock in the deal would have been immediately liquidated by the VCs?

Because Wal Mart has lots of cash and that's what Jet.com shareholders wanted instead of WMT shares? Lots of deals by established companies are in cash and in the current environment where you're not getting any meaningful interest on cash that will continue to be a common thing.

Reply on news.ycombinator.com