Wal-Mart is at it again. The giant retailer is in its' 5th week of conducting due diligence on a company called Massmart. Massmart is basically the Wal-Mart of Sub-Saharan Africa. Massmart, "Operates warehouse-sized stores that sell goods ranging from food and liquor to clothing, gym equipment and home furnishings,"(WSJ). So there you have it, the same damn thing, but I would bet the food might have a little different flare to it if you know what I mean. Anyway, Wal-Mart is planning on making a $4.63 billion dollar bid on the company (FYI: any Walton could buy it with the money in his/her back pocket) to give themselves a head start on tapping into the Sub-Saharan market. Good luck Walton's; we all know you could use the extra spending money (i.e. a fleet of G5's). P.s. I do think that if the numbers come out right Wal-Mart is making a good business decision, but forget the motto "Save money. Live better." It should be something like: Spend Money. Live better than Everyone.
Great Post!
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