Shares of Amazon (AMZN) are up nicely this morning, breaking out of a sharp cup with handle base on news that the company has secured an exclusive content licensing deal with TBS and Warner Bros. Specifically, the TNT drama Falling Skies and the Warner Bros. produced “The Closer”. These shows will be added to the Prime Instant Catalog giving Prime members free access to these shows. Amazon had rolled out a monthly Prime membership service, … Read the rest
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Amazon (AMZN) Makes Biggest Purchase Since Zappos.com, Breaks Out
The trading action in shares of Amazon (AMZN) was quite bullish today following news the company made its largest acquisition since the billion dollar acquisition of Zappos.com in 2009. Amazon acquired Kiva Systems for $775 million which is perhaps one of the most interesting purchases because it wasn’t just another internet retailer. Kiva Systems makes robots that increase warehouse efficiency and these robots had been used by companies like Diapers.com and Soap.com both of which … Read the rest