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OFFON

AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/01 10:53:29 am
3536.88 USD   +0.85%
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Amazon com : Singapore arbitration panel says India's Future Retail is party to dispute with Amazon-order

10/20/2021 | 09:11am EST
FILE PHOTO: To match Special Report AMAZON-INDIA/RIGGING

NEW DELHI (Reuters) - A Singapore arbitration panel on Wednesday declined Future Retail's bid to exclude itself from an ongoing commercial dispute with Amazon.com Inc, according to an order seen by Reuters, the latest boost to the U.S. giant's bid to stall the Indian retailer's asset sale.

Amazon has for months been locked in a dispute with Future, and accuses the Indian firm of violating contracts when it sold its retail assets to market leader Reliance Industries in a $3.4 billion deal last year. Future denies any wrongdoing.

After the Singapore arbitrator put the deal on hold last year while it heard the matter at length, Future Retail had argued it should be excluded from the proceedings as Amazon had initiated the case under a contract it signed with another Future group company.

The panel in an order on Wednesday, which is not public, disagreed with Future Group. It said three agreements at the heart of the Future Group-Amazon dispute must be read together, and not separately, as Future had argued.

The tribunal "has jurisdiction over FRL in this Arbitration," said the 69-page order.

(Reporting by Aditya Kalra in New Delhi; Editing by Sanjeev Miglani)

By Aditya Kalra


© Reuters 2021
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Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2021 470 B - -
Net income 2021 21 039 M - -
Net cash 2021 38 014 M - -
P/E ratio 2021 86,2x
Yield 2021 -
Capitalization 1 779 B 1 779 B -
EV / Sales 2021 3,70x
EV / Sales 2022 3,09x
Nbr of Employees 1 298 000
Free-Float 82,7%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Last Close Price 3 507,07 $
Average target price 4 113,26 $
Spread / Average Target 17,3%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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