Walmart, Netflix and Amazon make big deals in Arizona

A big deal.

Amazon.com Inc. AMZN.

O is selling stock in Walmart.com for $16.69 per share, up 8.4 percent from Friday’s closing price of $16,818.

A big-ticket item, that, in a year when stock prices have surged, is an expected $300 million acquisition by Amazon.

The price reflects a consensus target price of about $27 per share.

Walmart.org is Amazon’s online shopping and cataloging platform.

The website has been used by customers and retailers alike to shop and compare products.

A company spokeswoman said the deal will help Walmart grow, and the deal could be finalized by the end of the year.

The deal is expected to close in the first quarter.

Walmart has struggled as a result of rising labor costs and other factors, including a slowdown in new orders.

Walmart Chief Executive Doug McMillon, who is also president and CEO of Costco Wholesale Corp., has said he plans to boost spending in an effort to cut costs.

“We will take some small steps, like reducing our spending and adding a little more cash into our operations,” he said in September.

He has said that he expects to have a surplus of $2 billion by the time he steps down.

The $16 per share price represents the biggest increase in stock price since the end, June 2016, of a merger between Walmart and Wal-Mart Stores Inc. WMT.

N, +0.38% and $15.95 per share is the best-performing stock among the top 30 publicly traded U.S. companies.

The stock’s rally since McMillon took over has been fueled by gains in Walmart’s home-delivery service and a recent acquisition of rival Sam’s Club Inc. SAMS.

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G, +1.37% The combined company, which is expected be worth about $400 billion, will offer customers a range of goods, including groceries, groceries, gas, and more, on its website.

Amazon’s purchase of Walmart was announced in October, but the deal has been in the works for months.

Amazon said it will pay $7 billion for the company and will take on a greater share of Walmart’s business.

In a press release Friday, Walmart said it was making the deal because it wanted to “create the largest and most valuable online marketplace for its customers and partners.”

Walmart said the company will retain its stake in the company for at least five years, with the company retaining ownership of all the stock.

“The transaction is expected in the second quarter of 2021,” the company said.

The company also said it plans to raise another $150 million through its new Amazon Pay service.

Amazon has said it is interested in the $5 billion business that it plans in the next few years.

A deal to buy Amazon would be the biggest in Walmart history, surpassing Walmart’s $4.9 billion acquisition of Whole Foods Market Inc. WHME.

N earlier this year.

Walmart said that it will not share any sales figures with investors until the deal closes.

It has said Walmart is the largest online retailer in the U.K., with about 6 million customers.

“Walmart has been able to capture the most popular consumer products with the lowest prices,” McMillon said in a statement.

“Amazon has the capability to provide the same products at lower prices at the lowest possible cost.”

Amazon did not immediately respond to a request for comment.