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Amazon shares surge on Wal-Mart rumours

Matthew Broersma ZDNet.co.uk

Published: 05 Mar 2001 16:29 GMT

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Shares of Amazon.com rose more than 20 percent in early trading Monday, following reports the company is in talks with retail giant Wal-Mart about a possible deal.

As of 1600 GMT Amazon shares were up $2.063 (£1.404), or 20.63 percent, at $12.063 (£8.21).

Reports in the Sunday Times of London said Amazon may become the online distribution arm for Wal-Mart products, while Wal-Mart, the world's largest retailer, would gain access to Amazon's online expertise.

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