Amazon's Next Billion

| About: Amazon.com, Inc. (AMZN)
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Summary

Amazon is Snap’s backup behind Google.

Judge blocks Anthem-Cigna deal.

LifeLock deal successfully completed.

Welcome to the Amazonian issue of M&A Daily

Amazon

In "Is Google The Key To The Next Facebook?" we discussed the huge Snap (NYSE:SNAP) contract with Google (GOOG/GOOGL). Subsequently, it came out that Snap is spreading its bets and also has a billion-dollar cloud deal with Amazon (NASDAQ:AMZN), making Snap one of Amazon's best customers.

Actelion

Today is the HSR filing deadline for the Johnson & Johnson (NYSE:JNJ) acquisition of Actelion (OTCPK:ALIOY).

CEB

The go-shop expires today for the Gartner (NYSE:IT) acquisition of CEB (NYSE:CEB).

Ultratech

Today is the HSR filing deadline for the Veeco (NASDAQ:VECO) acquisition of Ultratech (NASDAQ:UTEK).

Merchants Bancshares

Merchants Bancshares (NASDAQ:MBVT) shareholders vote March 23 on the acquisition by Community Bank (NYSE:CBU).

Cigna

A US District Judge blocked the Anthem (NYSE:ANTM) acquisition of Cigna (NYSE:CI). Anthem intends to appeal and requested an expedited hearing of its appeal. Cigna would just as soon collect its breakup fee and move on. More to come in future editions of M&A Daily

Done deal.

  • Symantec (NASDAQ:SYMC) closed its acquisition of LifeLock (NYSE:LOCK).

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Disclosure: I am/we are long ALIOY.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. This post may contain affiliate links, consistent with the disclosure in such links. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.