Walmart agrees to buy Babytuto in Chile

Walmart agrees to buy Babytuto in Chile

M&A Latin America Chile United States Technology Commerce Retail shopping

Walmart Chile, a division of the US retailer Walmart, said Friday that it has agreed to acquire Babytuto, a local e-commerce service for baby products and toys, helping to expand its online business in the country. The retailer said in a statement that it expects the deal to close in the next six weeks, without providing a purchase price.  Walmart Chile CEO Gonzalo Gebara said the acquisition plan is part of an effort to improve the customer experience by integrating online, phone and in-person

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