date:Feb 26, 2016
der to compete with major shipping companies such as United Parcel Service, FedEx and DHL.
The online retailer already owns 25% of the French package delivery company, a stake which it had acquired in 2014. Amazon has set its eyes on the remaining 75% too.
This move is seen as part of the online retailer's broader plan to own and manage shipping services and cut down dependence reliance on others.