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22-07-2022, 08:48 AM
PUBLISHED THU, JUL 21 20225:54 PM EDTUPDATED 3 HOURS AGO
Annie Palmer
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Before One Medical, Amazon’s two largest acquisitions ever were its US$13.7 billion purchase of grocery chain Whole Foods in 2017 and its US$8.45 billion purchase of film and television distributor MGM Studios last year.
These deals underscore how Amazon and other Silicon Valley giants like Google, Facebook, and Apple have transformed into “modern day conglomerates” in pursuit of continued growth from their already enormous bases, according to Emilie Feldman, a management professor at the University of Pennsylvania’s Wharton School.
“What they’re doing is a strategy in search of growth in adjacencies to this core area that might be a bit constrained in and of itself,” said Feldman. “So e-commerce is e-commerce, but can we kind of search for niches that might be faster growing like health care, or can we accelerate our ability to get before people’s eyeballs through ads or something like that through MGM.”
Much more info at: https://www.cnbc.com/2022/07/21/amazon-o...-buys.html
Annie Palmer
......
Before One Medical, Amazon’s two largest acquisitions ever were its US$13.7 billion purchase of grocery chain Whole Foods in 2017 and its US$8.45 billion purchase of film and television distributor MGM Studios last year.
These deals underscore how Amazon and other Silicon Valley giants like Google, Facebook, and Apple have transformed into “modern day conglomerates” in pursuit of continued growth from their already enormous bases, according to Emilie Feldman, a management professor at the University of Pennsylvania’s Wharton School.
“What they’re doing is a strategy in search of growth in adjacencies to this core area that might be a bit constrained in and of itself,” said Feldman. “So e-commerce is e-commerce, but can we kind of search for niches that might be faster growing like health care, or can we accelerate our ability to get before people’s eyeballs through ads or something like that through MGM.”
Much more info at: https://www.cnbc.com/2022/07/21/amazon-o...-buys.html
