The world’s largest online retail platform, Amazon, is about to become one of the most profitable companies in the business.
Amazon has announced a $1 billion buyout of the online retail giant, which is set to become Amazon Prime, the world’s biggest online shopping service.
Amazon will be the largest online retailer and one of its largest shareholders in Amazon Prime.
The acquisition has attracted praise from investors, who expect the sale to help Amazon earn a bigger return on its investment.
The purchase is expected to close in 2019, and will give Amazon the ability to spend more money in the future, according to the New York Times.
Amazon is also expected to continue to grow its Prime business, which currently includes online sales of books and other books, video games and merchandise.
Amazon’s prime business is worth about $3.3 billion.
The online retailer has been trying to build a large audience for its Prime service, which allows customers to buy more products from Amazon, including Amazon Prime Video and the Kindle e-reader.
The Prime service has been a success, according a study from market research firm eMarketer.
The study showed Amazon Prime’s annual revenue grew 9.4% in 2017, while Amazon’s annual loss was less than half that of the average online retailer.
The news of the Amazon buyout comes just days after Amazon reported its fourth quarter earnings.
The company said the increase in quarterly profit came as a result of “a number of initiatives, including significant increases in Amazon’s acquisition and fulfillment services, a significant boost in Amazon Studios, and the integration of Amazon Prime with the Kindle digital store.”
The company’s share price is up 7% so far this year, and investors are bullish about the future of Amazon.
Amazon stock has been rising since the November election.
Shares of Amazon fell more than 3% on Wednesday.