buliSBI
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https://www.bizjournals.com/bizwome...17/12/analyst-amazon-may-shop-for-target.html
Gene Munster, a former Apple Inc. analyst and Twin Cities venture capitalist, thinks that Target Corp. could be ripe for a buyout by Amazon.com Inc. in the coming year.
Munster made the comments during CNBC's Fast Money show this week (scroll down for the full video). He predicted that Amazon would buy Target for the same reason it acquired Whole Foods for $13.7 billion earlier this year: A larger brick-and-mortar presence with which to combat Walmart Inc.
A Target-Amazon team-up would meld two companies with similar customer demographics, specifically moms and new parents, Munster told the Minneapolis-St. Paul Business Journal. "Amazon wants to be something for everyone, but if they had to pick one segment they love the most, it’s moms," Munster said. "... And Target is still doing relatively well despite [competition from] Amazon. That’s a sign they’re retaining their customers."
Gene Munster, a former Apple Inc. analyst and Twin Cities venture capitalist, thinks that Target Corp. could be ripe for a buyout by Amazon.com Inc. in the coming year.
Munster made the comments during CNBC's Fast Money show this week (scroll down for the full video). He predicted that Amazon would buy Target for the same reason it acquired Whole Foods for $13.7 billion earlier this year: A larger brick-and-mortar presence with which to combat Walmart Inc.
A Target-Amazon team-up would meld two companies with similar customer demographics, specifically moms and new parents, Munster told the Minneapolis-St. Paul Business Journal. "Amazon wants to be something for everyone, but if they had to pick one segment they love the most, it’s moms," Munster said. "... And Target is still doing relatively well despite [competition from] Amazon. That’s a sign they’re retaining their customers."