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