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Corporate Investment

Amazon Now Owns 20% of Electric Truck Maker Rivian

Kimberly Redmond | Equities.com |

Amazon.com Inc (AMZN), an early backer of Rivian Automotive Inc, now owns about a fifth of the electric truck startup, the e-commerce giant disclosed in a quarterly filing with the US Securities and Exchange Commission (SEC).

As of Sept. 30, Amazon held equity investments representing a 20% ownership interest that had a carrying value of $3.8 billion, up from $2.7 billion at the end of 2020.


Walgreens Investing Additional $5.2 Billion in Primary Care Provider VillageMD

Kimberly Redmond | Equities.com |

Walgreens Boots Alliance Inc (Nasdaq: WBA) will invest $5.2 billion in primary care provider VillageMD as part of the pharmacy chain’s plan to open more co-located practices within its drugstores across the US.

The investment announced Thursday increases the Deerfield, Illinois-based chain’s stake in VillageMD to 63% from the 30% it acquired in July 2020.


Samsung Group To Invest $205 Billion Globally Over Next Three Years

Kimberly Redmond | Equities.com |

Samsung Group will invest $205 billion (240 trillion won) over the next three years to expand its global footprint in key industries like biopharmaceuticals, robotics and next-gen telecommunications.

On Tuesday, the tech giant unveiled the plan, saying it is aimed at preparing Samsung “for great changes in industry, international order, and social structure expected after the COVID-19 pandemic.”


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