Some news that may have some impact on the market:
March 4 2001 BUSINESS NEWS
Amazon and Wal-Mart in alliance talks
Dominic Rushe
AMAZON, the online retailer, and Wal-Mart, the world's biggest shops group, are in secret talks to form a "strategic alliance". Jeff Bezos, Amazon's billionaire founder, and Lee Scott, Wal-Mart's chief executive, are hammering out details of an agreement that could be announced within six weeks.
Under the terms of the deal, Amazon would become Wal-Mart's e-commerce supplier. Wal-Mart would gain access to the e-tailer's expertise in managing the retail chain, from online ordering to home delivery.
In return, Amazon would gain a presence in Wal-Mart's 4,500 stores across the world, a cash injection and a percentage of the sales it makes through the retail giant. Wal-Mart is unlikely to take an equity stake in Amazon.
more...
sunday-times.co.uk |
