Walmart reportedly working to buy PillPack for 'under $1B'

April 9, 2018

Walmart Inc. (NYSE: WMT) has been working for months on a deal to acquire Somerville-based startup PillPack Inc., according to a report from CNBC.

CNBC reported the price tag would be "under $1 billion," citing two sources familiar with the matter. If a deal came together at anywhere near the $1 billion price point, it would be a significant increase from PillPack's reported valuation of $330 million in September 2016.

Some have previously speculated that the medication delivery startup could be an acquisition target for Amazon, which is rumored to be considering an entrance into the drug-delivery market. CNBC is also reporting that Amazon looked into acquiring PillPack and held conversations with the startup at some point.

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