Kroger May Be Buying Boxed for As Much As $500 Million

Kroger could be considering to purchase online wholesaler Boxed for up to $500 million according to a source familiar with the situation.

According to the person who wishes to remain anonymous, the deal could value Boxed at around $325 million to $500 million.

Boxed sells items in bulk such as toilet paper and delivers it to people’s home.

With e-commerce giant Amazon acquiring Whole Foods Market for nearly $14 billion, the market is heating up, especially with Target also agreeing to buy Shipt for $550 million. Shipt is a same-day delivery platform.

The source has said that there could be other retailers interested in purchasing the company.

Disclaimer: We have no position in Kroger Co. (NYSE: KR) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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