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Re/code reports that “Walmart has acquired a small virtual reality shop, called Spatialand, to be the centerpiece of VR efforts that the company hopes will someday transform the shopping experience across the company’s different websites and stores.

Terms of the deal were not disclosed.

“Spatialand makes software tools that let creators transform existing content into immersive, virtual reality experiences,” Re/code writes. “The startup worked with Walmart’s technology incubator, Store No. 8, on a project last year, and has now been acquired by that group.”

Bloomberg reports that in a meeting at the World Economic Forum in Davos, Switzerland, Israel Prime Minister Benjamin Netanyahu made clear to John Furner, president/CEO of Walmart-owned Sam’s Club, that he is “ready to ease regulatory burdens” in order to get Walmart to open stores in Israel.

According to the story, “A Walmart spokesperson declined to comment on the substance of the discussion. The entry of the low-cost retailer and grocer could mesh with the Israeli government’s efforts to lower the cost of living.”
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