The $26 billion plan aims to overhaul the country’s tax structure by placing taxes paid by conventional companies on par with their more modern peers. Digital companies which will be effected by the move include Uber and Netflix. Chilean President… Read More ›
Amazon.com
Comcast raises its bid for Britain’s Sky to $32.5 billion
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
Casino teams up with L’Oreal as the duo ramp up their market presence to fight Amazon.com
Amazon.com’s acquisition of Whole Food Market Inc in 2017 have spurred spurred European retailers to boost their online offering so as to be in a better position to fight the world’s world’s largest online retailer. In a development that marks… Read More ›
Amazon adopts policy for increasing diversity in its board
As per a filing by Amazon to the SEC, its board is set to review nominees from diverse candidates which includes minorities. In a move that aims to promote greater diversity in its Board, Amazon.com stated women and minorities are… Read More ›
Amazon.com pauses office space investment in the wake of Seattle City Council’s tax plan
While the aim of the Seattle City Council’s tax plan is to generate revenues the bulk of which will be channeled for affordable, the plan’s efficacy is unclear. With Amazon putting its new office space in pause, more than 7,000… Read More ›
Wal-Mart’s tie ups in India and UK could be its potential growth engine
While Wal-Mart has struggled to compete in its home ground, its potential tie-up with UK’s Sainsbury Plc and India’s Flipkart promises to be the growth engine it once was. Wal-Mart, the world’s biggest brick-and-mortar retailer is making urgent efforts to… Read More ›
Amazon increases its traction in India as its expands further into the groceries market
Last week, Jeff Bezos, Amazon’s founder and CEO told shareholders in a letter that Amazon India is its fastest growing marketplace: in its first year of Amazon Prime, Amazon added more members in India than any other location in Amazon’s… Read More ›
Amazon fires two lobbying firms, hires two more in replacement
The ouster of Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs is likely to be related to U.S. President Donald Trump’s tweet that the Amazon is not paying enough taxes. On Friday, as per a report from… Read More ›
Sam’s Club partners with Instacart for delivering groceries to shoppers
Shopper can buy a wide range of goods and groceries, even without a Sam’s Club membership, and have it delivered it to them within the hour. Incidentally, the online grocery market in the U.S. is expected to grow $41.7 billion… Read More ›
Wal-Mart in talks to purchase 40% stake in Flipkart
The strategic move by Wal-Mart represents a direct challenge to Amazon’s strategy of dominating the e-commerce space in India, Asia’s third largest economy. As per two sources familiar with the matter at hand, Wal-Mart Inc is in talks to purchase… Read More ›