By  on December 13, 2017

Delivery and transportation companies have become hot commodities for retailers such as Wal-Mart and Target Corp., which are looking for ways to combat Amazon’s online dominance.

Target raised the ante Wednesday, announcing that it’s agreed to acquire Shipt, an online same-day delivery platform for $550 million in cash. The acquisition will help Target leverage its network of stores as well as Shipt’s proprietary technology platform and community of shoppers, allowing the retailer to quickly and efficiently bring same-day delivery to customers.

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