FTC opens thorough probe into Amazon's $8.5B MGM acquisition - report

  • The Federal Trade Commission has opened an in-depth investigation into Amazon .com's (AMZN) $8.5B deal for MGM (OTC:MGMB), The Information reports.
  • That's an indicator that the closing is a long time off, after a probe that could run six months or more.
  • The FTC was already set to review the deal after negotiating with the Justice Dept.
  • It also indicates that the FTC under new leader Lina Khan may be energized to take a harder look at even smaller deals from Amazon in industries where it doesn't already have a strong position, the report notes.

    Over the current book year the company from Seattle's total revenue could be around 480.38 billion USD (consensus estimates). This is quite more than 2021's revenue of 386.06 billion USD.

    Historical revenues and results Amazon plus estimates 2021

    koersdata

    The analysts expect for 2021 a net profit of 28.33 billion USD. The majority of the analysts expects for this year a profit per share of 53.64 USD. So the price/earnings-ratio equals an extreme 67.11.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the general retailers equals an attractive 1.52 percent.

    Newest target prices around 4517 USD

    The most recent recommendations for the general retailer are from KBC Securities, Credit Suisse and UBS .

    Based on the current number of outstanding shares Amazon 's market capitalization is 1792.76 billion USD. 18

    Historical stock prices Amazon

    historical stocks amazon

    At 15.38 the stock trades 7.64 percent lower at 3599.92 USD.

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