Why people think Amazon may buy Target and what a deal would mean for CRE
After buying Whole Foods for $13.7 billion, it seems like everyone has the same question: who will Amazon buy next?
Predictions range from the sensible to the outlandish, yet of all possible contenders, Target is getting the most attention.
Well-known technology analyst Gene Munster recently predicted Amazon will buy Target sometime this year. With a current market cap approaching $42 billion, that’s a bold prediction, but it’s not unbelievable. Yet the deal is certainly not a sure thing and there are good reasons to think it won’t become a reality. While nobody can say for sure if Amazon will move to acquire Target, any potential deal would have an enormous impact on retail real estate and the technology it depends on.