Boxed in talks to be acquired by Kroger for $500 million



New York-based Boxed, the startup for buying food and household items in bulk, is in talks to be acquired by Kroger for about $500 million. Other retailers are also expected to be making bids.

The news was first reported by Forbes and confirmed to TechCrunch by a source with knowledge of the situation. We’re hearing that the company is aiming to make a decision this weekend.

Founded in 2013, Boxed is effectively an online Costco competitor. With just a few taps, customers can order…

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