Deals

PetSmart to Acquire Chewy for $3.35B
Date: 
Wednesday, April 19, 2017
Company: 
Location: 
Boston
Categories: 
Consumer
eCommerce & Marketplaces
Deal Type: 
Acquisition

PetSmart, Inc. (“PetSmart”) today announced it has entered into a definitive agreement to acquire Chewy, Inc. (“Chewy”), the online pet retailer. The acquisition accelerates the execution of PetSmart’s strategy and is a critical milestone in its transformational journey to be the most convenient, best-in-class pet retailer. The combination of PetSmart and Chewy will enhance both companies’ capabilities and reach, offering the widest selection of pet products and services available both in-store and online in North America. The acquisition, which is subject to customary regulatory approvals, is expected to close by the end of PetSmart’s second fiscal quarter of 2017... READ MORE

As reported by Recode, the acquisition price was $3.35B.

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