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Amazon Acquires Leading Robotics Company for $8.5 Billion
By Jennifer Martinez
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Amazon
robotics
acquisition
business
automation
Amazon announces its largest acquisition in the robotics sector, purchasing a leading automation technology company for $8.5 billion.
Strategic Move
The acquisition will enhance Amazon's warehouse automation capabilities and accelerate delivery times.
Market Impact
- Amazon stock rises 5% on the news
- Competitors scrambling to respond
- Job market concerns addressed by CEO