Amazon to acquire Prione Business Services

JV between Amazon, Catamaran will officially end in May 2022

December 22, 2021 04:40 pm | Updated 11:29 pm IST - Bengaluru

The logo of Amazon is pictured inside the company's office in Bengaluru, India.

The logo of Amazon is pictured inside the company's office in Bengaluru, India.

Prione Business Services, the joint venture between Catamaran and Amazon, would be acquired by Amazon subject to requisite regulatory approvals, said Catamaran and Amazon in a joint media statement on Wednesday.

On August 9, 2021, the partners had announced their decision to not continue the joint venture beyond the end of its current term of May 2022.

Amazon would acquire Catamaran’s shareholding in Prione in compliance with applicable laws including all assets and liabilities, parties said.

``The businesses of the Joint Venture shall continue under the leadership of the current management and on receipt of regulatory approvals, the board of Prione and Cloudtail will take steps to complete the transaction in compliance with applicable laws,'' the statement added.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.