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amazon acquisition rumors 2020

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In April, AMC raised $500m in debt to help it ride out the crisis. According to the Women's Wear Daily report, Amazon could be looking at 30 J.C. Penney locations with any potential acquisition. One big merger was announced Wednesday when Allstate offered to pay $4 billion in cash for insurer National General. “This has caused a huge cash-crunch in the industry. As of market close on May 13, its market cap was just $479.5m. Zoox will continue to work on its basic vehicle aimed at ride-hailing firms like Uber and Lyft.That would give the well-heeled Amazon some leverage in a sector where Uber has had to cut back on its own driverless technology development due to the COVID-19 pandemic. ... such an acquisition would not address Amazon’s core streaming needs. Amazon is well aware of this phenomenon as the studio has struggled to cultivate hits at the box office.After mostly adhering to the traditional theatrical model with 70-90 day exclusive windows for years, studio head Jennifer Salke pivoted in late 2019 to a “COVID-19 has forced the closure of cinemas across the world indefinitely, meaning it will take even longer for Amazon to see a return on its investment,” Rashid said. AMC stock surged 30 percent earlier this week to $5.32, closing at its highest value since March 4. Said to be facing bankruptcy, the country's biggest movie theater chain, AMC Entertainment, could have an alternate ending amid rumors of an Amazon acquisition.

S&P Global said an acquisition … June 26, 2020, 6:39 PM UTC / Updated June 26, 2020, 6:41 PM UTC By Paul A. Eisenstein Confirming months of rumors, Amazon confirmed Friday that it … Amazon is reportedly in talks to buy the retail chain J.C. Penney, which recently filed for bankruptcy amid the coronavirus pandemic.. An Amazon team has headed to Texas to talk with J.C. Penney about buying the company, according to Women’s Wear Daily, a news source dedicated to retail industry news. The retail and cloud giant is exploring a potential bid for J.C. Penney, the distressed clothing retailer that … Amazon last year led one round of funding in electric vehicle maker Rivian and participated in a second round. “There is an Amazon team in Plano as we speak,” the Women’s Wear Daily report said.

In May, however, Assain Hussain, a mobility analyst for Pitchbook, said in a note to investors that $1.1 billion would be a fair price for Zoox, even though it would represent “a 65.6% haircut from its previous post-money valuation of $3.2 billion.”At the end of the first quarter, Amazon reported $49.3 billion in cash and equivalents, so a purchase price in the neighborhood of $1 billion is worth the possibility that an electrified, self-driving fleet of 100,000 delivery vans could save Amazon some $20 billion a year in delivery costs.As the noon hour drew to a close, Amazon stock traded down about 0.1% for the day, at $2,751.12 in a 52-week range of $1,626.03 to $2,796.00. It doesn’t take a lot of imagination to speculate that Amazon’s ultimate goal is to equip its Rivian-built electric vehicles with the software platform developed at Zoox.The terms of the acquisition were not announced.
amazon acquisition rumors 2020 2020