Amazon Competition With Google, Home Depot Linked To Blink Buy, XPO Interest

Amazon (AMZN), always a focus of the market, has been at the center of two M&A stories today as the e-commerce giant agreed to buy a home security products maker and may be looking to also acquire a logistics company, according to a new report.

BLINK BUY: Security camera maker Blink said this morning that it has been acquired by Amazon, saying it will continue to operate under the Amazon umbrella. "It's Day 1 for us at Amazon, and we're looking forward to seeing what we can deliver to our customers together," Blink stated in its announcement. The deal is notable as Amazon is involved in a public fight with Google (GOOG) related to YouTube being blocked from Echo devices. Google's parent, Alphabet, also owns Nest, a competing maker of smart home devices.

XPO, HOME DEPOT: Separately, Recode reported that Home Depot (HD) has held internal talks about a potential bid to acquire XPO Logistics (XPO), at least in part to keep XPO out of the hands of Amazon, which is also believed to have weighed an acquisition of the logistics company. Both Home Depot and Amazon have been customers of XPO, Recode's Jason Del Ray noted. 

PRICE ACTION: Shares of Amazon and Home Depot are down marginally in afternoon trading, while XPO shares surged 10% to $86.77.

OTHERS TO WATCH: Alarm.com (ALRM), another maker of smart home devices, fell 5% after the Blink acquisition news, while Echo Global Logistics (ECHO), Werner (WERN), J.B. Hunt (JBHT), Covenant Transportation (CVTI) and ArcBest (ARCB) are all trading higher following Recode's report about XPO.

 

Disclaimer: TheFly.com, Inc.'s staff does NOT provide any individual investment advice or money management assistance. TheFly.com, Inc.'s employees are not brokers, dealers or registered ...

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