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We do not anticipate government intervention based on the dominant market share of Amazon in the e-commerce space

After this merger, Amazon e-commerce division would still be about 5.5x larger than the combination of Walmart and Wayfair

Synergies between the two can be utilized to better serve the American consumers by providing quality products in a timely manner

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Information on the target company through third parties

Must be careful not to be too obvious and alert the target

“Balancing Act”

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Tender Offer- Bypassing management and purchasing the stock directly from shareholders.

Unlikely to occur in this case, because WMT is not willing to pay a large premium

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Urging the target to reconsider your offer by warning them of your intentions to propose a tender offer
Puts pressure on target management to take your offer seriously and forces them to take a position on your offer. 

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They also compete with Amazon, but other competitors include IKEA, Ashley Furniture, Williams-Sonoma

Market cap is roughly $3.7 billion

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Amazon, Costco, Target, Kroger, and Home Depot are Walmart’s biggest competitors

Walmart’s market cap is up to about $412 billion in 2023

16th largest market cap in the world

Bigger market cap than all of its competitors except Amazon

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There will likely be positions that are found to be redundant during the acquisition.

However, because Wayfair is well-versed in ecommerce, Walmart will need to retain key talent that can help Walmart achieve the same success.

In past acquisitions, such as that of Alert Innovation, Walmart has maintained necessary personnel to offer a more seamless acquisition.

By retaining key employees, the two companies will experience better business continuity, as well as a smoother integration experience.

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Wayfair is an online business, which will aid the integration into Walmart.

No additional budget will need to be spent on evaluating the necessity of brick and mortar locations, as there are none.

There is no need to figure out what a hybrid location between the two would look like.

However, Wayfair may be able to offer merchandise in Walmart stores.

This will offer more exposure to their products, as Wayfair customers currently  do not get to see the furniture before purchasing it.

Thus, there is value for both Wayfair and Walmart in the context of physical and online locations.

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Retail Industry is experiencing volatility following the pandemic

Pandemic led to increase in digital and e-commerce trends

Retailers are now investing heavily in the development of their technology and data analytics

Economy is starting to slow down but GDP in the retail industry is still expected to grow in 2023

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Walmart has been struggling to compete with larger e-commerce players like Amazon

Wayfair would help boost online presence and expand e-commerce capabilities

Expansion ino furniture and other home goods

Learn from their personalization strategy to target customers using data analytics

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Online retailer that specializes in home goods and furniture

They use a drop-shipping model and partner with suppliers who ship the products directly to the customers

Very personalized shopping experience by using data analytics on their customers to recommend products

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Founded in 1962 by Sam Walton, Walmart is a multinational retail corporation that creates a “seamless experience to let customers shop anytime and anywhere online and in stores.”

Largest global retailer in the world

10,622 stores in 24 countries and e-commerce websites

Every Day Low Price (EDLP) is the cornerstone of their business model