(Reuters) - Amazon.com Inc has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright growth prospects shielding it from pressure to follow suit, investors and dealmakers said.
Investors have in recent years fallen out of love with conglomerates holding disparate businesses. Many companies have taken note, with General Electric Co, Johnson & Johnson and Toshiba Corp announcing plans to break up in recent months.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!