FILE PHOTO: Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. REUTERS/Salvador Rodriguez/File Photo
(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.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
