Markets

Amazon May Buy Target In 2018

Amazon May Buy Target In 2018

Amazon could be eyeing Target as its next major retail acquisition, according to one influential tech analyst. "As much as Target would bolster Amazon's top line, Amazon can grow organically without resorting to expensive acquisitions". Amazon made waves in retailing a year ago with its $13.7 billion purchase of upscale grocer Whole Foods Market Inc.

The analyst is predicting that online shopping giant Amazon.com will make a bid for USA department store Target this year to bolster its retail offering following Amazon's US$13.7 billion acquisition of upmarket grocer Whole Foods in the USA, according to a report today in Bloomberg.

"Getting the timing on this is hard, but seeing the value of the combination is easy", Mr Munster wrote.

Munster isn't alone in his thought that Amazon will spend big this year on another acquisition, although predictions of takeover targets vary widely.

Munster explains that Target is the ideal partner for Amazon outside of its online emporium and offers two reasons.

Amazon shares rose 56% in 2017 versus Target stock's 10% decline. Both companies target mothers and families. They have been aggressively promoting and giving prime memberships to first time moms and separately loading Prime Video with kid friendly content because of kind of the shopping presence that, uh, the wallet presence than a mom has.

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Jose Mourinho is in trouble with the Manchester United board after his comments criticising the club's spending, a report claims. Pogba and Juan Mata took charge of the game in the second half, driving the pedestrian United forward at every opportunity.

Were such a deal to go down, Munster predicted Amazon would pay about $41 billion for the struggling brick and mortar retailer, which would account for about eight percent of Amazon's market cap of $564 billion.

Kotha also questioned whether this potential deal would change anything in the battle of Amazon vs. Walmart.

It's also worth remembering that predicting which company Amazon will buy next has become something of a sport for tech and business experts. Typical of a retail company, Target has invested heavily on land, buildings and fixtures.

It's shaping up to be a critical year for Target Corporation (NYSE:TGT), as rumors continue to swirl about a possible buyout from Amazon.com (AMZN) later in 2018.

"Amazon has to chew and swallow before it can really take another bite of anything else", she said.

Target stores could act as distribution centers that would help Amazon cost-effectively execute same-day delivery to Prime members, an initiative the e-Commerce giant has been rolling out to a growing number of metro areas and smaller cities.


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