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

AMAZON.COM, INC.

(AMZN)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 08/04 05:29:57 pm
3137 USD   +0.81%
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Intel to invest $255 million in Reliance's digital unit Jio Platforms

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07/03/2020 | 02:01am EDT
Intel logo is seen behind LED lights in this illustration

Intel Corp's investment arm will pay some $255 million (£204.57 million) for a small stake in Reliance Industries Ltd digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerate pay down debt.

Reliance has now sold just over a quarter of Jio Platforms, the unit that houses its telecoms venture Jio Infocomm and its music and movie apps, raising $15.8 billion from investors including Facebook Inc and KKR & Co.

The deals highlight Jio Platforms' potential to become the dominant player in India's digital economy.

The telecoms unit has already decimated several rivals with cut-throat pricing, while Reliance is also using Jio Platforms' technology in its new e-commerce venture that seeks to rival Amazon and Walmart's Flipkart. Jio Platforms is also working on connected cars, security systems and smart homes.

The sale of the 0.39% stake for 18.95 billion rupees gives Jio Platforms an enterprise value of 5.16 trillion rupees ($69 billion), Reliance said in a statement.

The deals and a $7 billion share sale have helped Reliance become net-debt free, the company said last month. It had previously planned to rid itself of net debt of just over $21 billion by the year end.

The oil-to-retail conglomerate, controlled by India's richest man Mukesh Ambani, plans to wrap up most of its private fundraising for Jio Platforms by the third quarter of 2020 and then explore a potential public listing in the United States in 2021, a source familiar with matter has said.

(Reporting by Sankalp Phartiyal and Chris Thomas; Editing by Devika Syamnath and Edwina Gibbs)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.87% 3138.83 Delayed Quote.68.41%
FACEBOOK -0.85% 249.83 Delayed Quote.22.76%
INTEL CORPORATION 1.72% 49.13 Delayed Quote.-19.30%
KKR & CO. INC. 1.20% 36.23 Delayed Quote.22.73%
LONDON BRENT OIL 1.37% 44.31 Delayed Quote.-34.20%
RELIANCE INDUSTRIES LTD 7.05% 2150.6 End-of-day quote.42.04%
WTI 2.14% 41.5 Delayed Quote.-34.56%
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Financials (USD)
Sales 2020 368 B - -
Net income 2020 15 917 M - -
Net cash 2020 51 793 M - -
P/E ratio 2020 101x
Yield 2020 -
Capitalization 1 559 B 1 559 B -
EV / Sales 2020 4,10x
EV / Sales 2021 3,43x
Nbr of Employees 798 000
Free-Float 80,8%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 611,32 $
Last Close Price 3 138,83 $
Spread / Highest target 33,8%
Spread / Average Target 15,1%
Spread / Lowest Target -31,1%
EPS Revisions
Managers
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
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