Amazon will pay more than $1.2 billion to acquire Zoox, the Foster City, Calif., self-driving technology company, the Financial Times (FT) reported. While the purchase could fuel Amazon’s delivery fleet, a source familiar with the deal told the newspaper it could signal the eCommerce giant’s entry...
The Competition and Markets Authority (CMA) will decide on Wednesday (Dec. 10) if Amazon’s quest to acquire a stake in Deliveroo — among the U.K.’s most thriving startups — can move forward. Antitrust concerns caused CMA to freeze the deal between Amazon and Deliveroo in...
Amazon acquired Health Navigator, its second healthcare service for its employees, CNBC reported on Wednesday (Oct. 23). The startup Health Navigator will help power Amazon Care, the eCommerce giant’s primary care pilot program. Amazon acquired online pharmacy PillPack last year for $753 million. Health Navigator...
Amazon is exploring the purchase of a 26% stake in Reliance Retail, India’s biggest brick-and-mortar retailer. Owned by Reliance Industries Ltd, Reliance had an unsuccessful meeting with China’s Alibaba Group, which then sparked talks with Amazon, two senior industry executives told The Economic Times on...
Amazon announced the acquisition of eero, the first mesh home WiFi system. Founded in San Francisco in 2014, eero’s systems blanket every room of a customer’s home using high-performing, reliable WiFi. For example, the eero WiFi System (1 eero + 2 eero Beacon), which retails for around $362...
Amazon has set its sights on the movie theater market, with reports that it is among the bidders to purchase Landmark Theaters. Bloomberg, citing people familiar with the situation, reported that Amazon is going up against other suitors to purchase the movie theater chain from...
Amazon’s acquisition of Whole Foods Market and the success it is having with selling fresh food to consumers has sparked countermoves by food retailers, manufacturers and other suppliers. The Wall Street Journal reported that food retail players are changing their selling strategies as a result...
As a counter to Walmart’s interest in Flipkart, Amazon has reportedly made a formal offer to acquire a majority stake in the Indian eCommerce retailer. According to sources, Amazon wants to buy 60 percent of Flipkart, CNBC reported. While Walmart is reportedly far along in...
Amazon recently announced it had over 100 million registered Amazon Prime customers. So, of course, they’re looking for more in areas they’ve never ventured before — like TV home shopping. According to news from TechCrunch, Amazon is in acquisition talks with Evine Live, the operator of the...
