Petsmart is a large pet retailer that specializes in selling pet supplies, including dog and cat food, toys, and grooming supplies. The company announced on February 6, 2019 that it had agreed to acquire Chewy, a leading online retailer of pet products and services, for $3.
4 billion in cash and stock.
The acquisition will give Petsmart a larger online presence and more options for selling pet supplies. It will also give Chewy’s customers access to the large customer base that Petsmart has built up over the years.
The acquisition is likely to be good for both companies. Petsmart will gain a larger online presence and more options for selling pet supplies, while Chewy will get access to the large customer base that Petsmart has built up over the years.
The acquisition is also likely to be good for the pet industry as a whole, as it will give more people access to the products and services that are available on Chewy.
