CNBC July 21, 2022
Annie Palmer

Key Points

– On Thursday, Amazon said it will buy primary-care provider One Medical for $3.9 billion.

– Amazon’s three biggest acquisitions ever are a grocery chain, a movie studio and a health company.

– These deals show the company’s willing to spend big to grow fast in new businesse areas it’s identified as strategic growth opportunities.

Amazon still makes most of its revenue from orders placed through its online stores, and most of its profit from its cloud computing arm. Both of those businesses were built almost entirely in house.

But Amazon’s largest acquisitions show the company is willing to buy growth in markets that are adjacent to its core competencies.

On Thursday, Amazon said it will buy One...

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Topics: Mergers & Acquisitions / JV, Provider, Retailer, Trends
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