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NY Post: Boxed.com CEO met with Amazon about potential acquisition

Published 01/26/2018, 01:44 PM
© Reuters.  NY Post: Boxed.com CEO met with Amazon about potential acquisition
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  • Amazon (NASDAQ:AMZN) met with the CEO of Boxed.com to discuss a potential acquisition, according to The New York Post.
  • Sources say Boxed founder and CEO Chieh Huang met with Amazon on Wednesday.
  • The bulk grocery and delivery company is also an acquisition target of Kroger (NYSE:KR), which is rumored to have made an offer in the $300M to $400M range that was rejected.
  • Boxed has an e-commerce platform and four distribution centers and sources some of its goods from Costco (NASDAQ:COST).
  • Boxed has about $100M in sales, 1,600 SKUs, and 280 employees.
  • Previously: Morgan Stanley (NYSE:MS) bull case puts Amazon over $1T market cap (Jan. 26)
  • Previously: Google (NASDAQ:GOOGL) Home now stands at 14M installed units (Jan. 26)
  • Now read: Ulta - Investors Need To Be Patient As We Have Been Down This Road Before


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