Amazon (ticker: AMZN), has become more aggressive on the M&A front under new CEO Andy Jassy. We have seen this across the Entertainment, Health and Robotics sectors – each highly strategic in our view.
- Entertainment: Amazon recently closed its acquisition of MGM for $8.5 billion. The MGM acquisition onboards the James Bond franchise – a robust IP portfolio that can be leveraged across traditional film, AR/VR and gaming. Amazon Studios is ramping up its IP portfolio as it battles companies with larger entertainment IP portfolios including Disney (ticker: DIS) and Warner Bros. Discovery (ticker: WBD).
- Health: Amazon acquired online pharmacy PillPack in 2018, is moving to acquire One Medical (ticker: ONEM) and is in the running to acquire Signify Health (ticker: SGFY), as the company works to “consumerize” healthcare.
- Robotics: Amazon laid the groundwork for this sector years ago when it acquired Kiva Systems in 2012 and subsequently followed-up that acquisition with the 2019 acquisition of autonomous robotics company Canvas Technology. Recently Amazon agreed to acquire Bedford, MA-based iRobot (ticker: IRBT).
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