Amazon Tries to Thwart Retail Asset Sale of India's Future Group to Rival Reliance
Amazon.com (NASDAQ: AMZN) is trying to block rival Reliance Industries from acquiring the retail assets of India's Future Group for $3.4 billion. Amazon and Reliance Industries are competing to establish positions in Future Retail, India's second-largest retailer. The former invested over $100 million into Future Coupons, a gift card, loyalty card, and rewards card business for corporations that Future Retail owns.
