Amazon's Next Major Tech Investment Target: Ocado Group
TL;DR Summary
Amazon and other tech giants are considering a bid for Ocado Group, a London-based company that builds robots and software for online grocery delivery. The bid is reportedly worth 800p per share. Last week, the Competition and Markets Authority cleared Amazon's acquisition of Roomba maker iRobot Corp. Shares out on loan for Ocado represent about 15% of the company's free float as of Tuesday. Jefferies has had a hold recommendation on Ocado since at least December 2021.
- Following Roomba Acquisition, Amazon Eyes London's Ocado for Next Major Tech Investment Yahoo Finance
- Ocado shares surge on Amazon takeover rumours BBC
- Following Roomba Acquisition, Amazon Eyes London's Ocado for Next Major Tech Investment - Ocado Group (OT Benzinga
- Ocado Shares Soar on Reports of Bid Interest From Tech Firms Including Amazon Yahoo Finance
- Companies roundup: Ocado takeover and Whitbread sales Investors Chronicle
- View Full Coverage on Google News
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