Amazon Will Buy Target In 2018, Tech Analyst Predicts
by Bloomberg
Posted: 2018-01-03 15:45:21 EST

Amazon.com Inc.’s shakeup of the retail landscape may not be over, according to one well-known technology analyst.

The Internet giant will acquire Target Corp., Loup Venture co-founder Gene Munster wrote in a report highlighting eight predictions for the technology industry in 2018. Amazon made waves in retailing last year with its $13.7 billion purchase of Whole Foods Market Inc.

“Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count,” Munster wrote, noting both companies focus on mothers and families. “Getting the timing on this is difficult, but seeing the value of the combination is easy.”

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