Amazon.com, Inc. (NasdaqGS:AMZN) agreed to acquire a 76% stake in Prione Business Services Private Limited from Catamaran Advisors LLP on December 22, 2021. Upon completion, Amazon and its affiliated entities would have a 100% stake in Prione. Post completion, Prione Business Services Private Limited will continue under the leadership of the current management and on receipt of regulatory approvals, the Board of Prione and Cloudtail will take steps to complete the transaction in compliance with applicable laws. As of January 14, 2022, a petition has been filed before the Competition Commission of India as this combination raises serious concerns from the viewpoint of competition law. As of March 9, 2022, The Competition Commission of India (CCI) has accorded approval to Amazon's proposal to acquire the complete stake of Catamaran Ventures' in Prione Business Services.
Amazon.com, Inc. (NasdaqGS:AMZN) completed the acquisition of a 76% stake in Prione Business Services Private Limited from Catamaran Advisors LLP on April 25, 2022.
Amazon.com, Inc. is one of the world leaders in on-line distribution of products to the general public. The group also operates a marketplace activity, allowing individuals and distribution companies to conduct their purchase and selling transactions for goods and services. The activity is organized around three families of products and services:
- electronic and computer products: toys, cameras, computers, laptops and peripherals, TVs, stereo systems, readers, wireless communication products, etc. Amazon.com also offers kitchen and garden equipment, clothing, beauty products, etc.;
- cultural products: books, musical products, video games and DVDs;
- other: primarily Internet interface and application development services.
Net sales break down by source of income between sales of services (52.7%) and sales of products (47.3%).
Net sales are distributed geographically as follows: the United States (69.3%), Germany (6.5%), the United Kingdom (5.9%), Japan (4.7%), and other (13.6%).
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Investor
Investor
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Global
Global
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Quality
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