Best Buy is looking to add Amazon to its online retail business.
According to a report by The Wall Street Journal, the electronics retailer has acquired a majority stake in online retailer Amazon.
The move would give it control of the nation’s largest online retailer.
In August, Best Buy acquired the e-commerce firm Shopify for $3.2 billion.
The company has struggled to attract consumers in recent years, with a record $11.4 billion in sales in 2017.
Best Buy said the acquisition would bolster its digital business, which it has struggled with for years.
The acquisition also comes as the retail giant is looking for new ways to compete with Amazon, which has the No. 1 online store market.
The deal comes as Amazon’s dominance of the ecommerce business is expanding and as the technology giant has become a dominant force in online retail.
The Wall Street report also suggests that Best Buy’s acquisition of Shopify may help its digital efforts in the future.
According a Best Buy spokesperson, the new acquisition would help the retailer “continue to invest in the digital retail platform to accelerate growth and strengthen its digital presence in a fast-changing market.”