Amazon Conquers Publishing, Now Turns its Eyes to Shipping! – Fortune

“Amazon is expected to acquire French shipping company Colis Privé, as part of a plan to take on FedEx and UPS, according to The Seattle Times.

The e-commerce giant already owns 25% of the French company through an investment in 2014. But now Amazon wants to acquire the remaining 75%.

According to the report, Colis Privé will continue to ship packages on behalf of all e-commerce customers after the acquisition. The deal would close in the first quarter.

But the acquisition’s broader implications would be Amazon going head-to-head with FedEx, DHL, and UPS in France. It would be part of a bigger move by Amazon to own and manage shipping and distribution services instead of relying on others…”

 

Source: Amazon To Acquire This Package Delivery Company – Fortune

 

Amazon changed the face of retail, and now has it's eyes on the shipping world.. Click To Tweet