Shares of Rackspace Technology Inc. (Nasdaq: RXT) were up almost 12 percent as of 11:56 a.m. EST Monday (Aug. 17) following a Reuters report indicating that Amazon (Nasdaq: AMAZ) may buy a stake in the company. Rackspace sells customers access to its own cloud and...
Amazon may become the latest American tech giant to buy its way into India’s fast-growing telecom market as it eyes a deal that could upend the nation’s mobile market. The eCommerce company is in the early stages of exploring a deal to take a $2...
Amazon chief executive Jeff Bezos has invested in U.K.-based Beacon, a digital freight forwarder, according to Reuters. Bezos was one of a few investors who contributed to the $15 million funding round from Beacon, the company announced on Sunday (May 31). The venture capital firm...
The Competition and Markets Authority (CMA), the U.K.’s competition regulator, said it has officially launched a probe into Amazon’s investment into restaurant takeaway company Deliveroo. Reuters reported there’s a deadline of Dec. 11 on a decision on the first part of the investigation. In May,...
Amazon announced on Thursday (Aug 22) that it’s bringing its online grocery business, Amazon Fresh, to India, according to a report by CNBC. The news comes on the heels of Amazon’s announcement of its largest campus ever, in Hyderabad. India is considered one of the...
Deliveroo, the U.K. delivery startup, raised $575 million in a funding round led by Amazon. In a press release, Deliveroo said the Series G round of venture funding also includes T. Rowe Price, Fidelity Management and Research Company, and Greenoaks as investors. Including the latest...
Amazon‘s Business unit wants to be a supplier of medical products to hospitals and clinics around the country. According to news from The Wall Street Journal, Amazon Business has hosted meetings with executives from hospitals around the U.S. at its Seattle headquarters during the past months,...
Amazon may have had a strong run last year, but at least one Wall Street analyst thinks there’s more room for the eCommerce giant to grow in 2018. Citing BMO Capital Markets, CNBC reported news on Tuesday (Jan. 16) that a thriving advertising business will...
Amazon’s Alexa voice-activated digital assistant is being turned into an advertising business for the eCommerce giant, with Amazon reportedly in talks with companies about running ads on its Echo devices. According to news from CNBC, citing people familiar with the matter, Amazon is talking to consumer...
