Amazon Rumored To Purchase Logistics Company BlueDart

Amazon.com, Inc. AMZN is in talks to purchase Indian logistics company Blue Dart, according to The Economic Times.

Sources Say ET NOW Exclusive: Amazon in preliminary talks to buy controlling stake in Blue Dart

— ET NOW (@ETNOWlive) January 14, 2015

"Amazon is evaluating options to buy out the 75 per cent promoter stake held by DHL Express Singapore PTE Ltd in Blue Dart and the talks are currently at an early stage and it may or may not fructify into a deal. If the transactions materialises, it will help Amazon expand its overall customer reach, beef up its delivery services and provide an edge over domestic rivals Flipkart and Snapdeal," said an individual to The Economic Times on the condition of anonymity without elaborating further.

Blue Dart, DHL, and Amazon declined to comment on the report.

Amazon traded at $291.53 in the premarket, down 1 percent.