Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CCI clears Reliance-Future's $3.4 billion deal despite Amazon's objections

11/20/2020 | 09:05am EST
FILE PHOTO: A security guard stands outside the Competition Commission of India (CCI) headquarters in New Delhi

MUMBAI (Reuters) - India's antitrust body on Friday cleared conglomerate Reliance Industries' $3.4 billion deal to buy Future Group's retail assets, thwarting Amazon.com's efforts to block the deal.

The Competition Commission of India (CCI) announced its decision in a tweet on Friday, with details likely to be made public later.

Amazon had approached the CCI and the country's market regulator SEBI alleging the deal would violate some pre-existing agreements it had with Future Group.

Last month Amazon won an injunction from a Singapore arbitrator to halt the deal pending arbitration.

Amazon, Future and Reliance did not immediately respond to a request for comment.

While the deal is yet to receive approval of stock exchanges and market regulator SEBI, the three companies are now embroiled in a legal battle at the Delhi High Court over the transaction.

An Indian antitrust lawyer said the CCI only looks into competition issues around a deal and is not concerned with other disputes between parties.

"It's (CCI) not a regulator which approves the transaction as such," the lawyer said.

Amazon says its 2019 deal with a Future Group subsidiary included clauses saying it could not sell its retail assets to certain parties, including Reliance.

Future has argued it entered into the deal with Reliance because its retail business was severely hit during the COVID-19 pandemic and it was critical to protect all its stakeholders.

The dispute has put Amazon at odds not just with Future Retail - one of country's top retailers - but also with Ambani's Reliance Group which is fast expanding its e-commerce business and threatening the dominance of the U.S. giant.

(Reporting by Aditya Kalra and Abhirup Roy;Editing by Elaine Hardcastle)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -2.81% 3232.58 Delayed Quote.-0.75%
FUTURE ENTERPRISES LIMITED -4.84% 12 End-of-day quote.4.35%
FUTURE RETAIL LIMITED 3.82% 78.8 Delayed Quote.-1.97%
RELIANCE INDUSTRIES LTD -2.37% 1906.7 Delayed Quote.-4.55%
All news about AMAZON.COM, INC.
01/27China wants to work with foreign peers on anti-trust issues, central bank vic..
RE
01/27WORKFORCE PROGRAMS FOR THE PUBLIC : Get started
PU
01/27Private sector body unveils multi-billion ambitions for carbon offsets
RE
01/27Carbon market plan could provide excuse to pollute, says Greenpeace
RE
01/27GLOBAL MARKETS LIVE: Boeing, Microsoft, AMD…
01/27AMAZON COM : JP Morgan Adjusts Price Target for Amazon to $4,155 From $4,100, Ma..
MT
01/27AMAZON COM : Stifel Adjusts Amazon.com's Price Target to $3,600 From $3,500, Rei..
MT
01/27AMAZON COM : 61% of UK Consumers Foresee the End of the High Street
AQ
01/27Carbon Offsets That Companies Are Gobbling Up Get a Futures Contract
DJ
01/27AMAZON COM INC : JP Morgan reiterates its Buy rating
MD
More news
Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 156 M - -
Net cash 2020 44 746 M - -
P/E ratio 2020 92,9x
Yield 2020 -
Capitalization 1 622 B 1 622 B -
EV / Sales 2020 4,15x
EV / Sales 2021 3,44x
Nbr of Employees 798 000
Free-Float 82,0%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 3 844,34 $
Last Close Price 3 232,58 $
Spread / Highest target 39,2%
Spread / Average Target 18,9%
Spread / Lowest Target 8,27%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.-0.75%1 621 951
JD.COM, INC.10.32%150 292
WAYFAIR INC.22.33%28 858
ETSY, INC.8.69%25 774
MONOTARO CO., LTD.-0.38%12 388
B2W COMPANHIA DIGITAL18.12%8 968