Following Roomba Acquisition, Amazon Eyes London's Ocado for Next Major Tech Investment - Ocado Group (OT

Amazon, along with other big players in the tech industry, proposed an offer of 800p per share to acquire Ocado Group PLC.

At Ocado, they create software and robots to assist in the transportation of groceries sold online.

Jefferies analyst Giles Thorne suggests that before making any conclusions about the probability of an official takeover approach, it is important to thoroughly examine the strategic logic behind it and wait for additional information. This deeper evaluation cannot be made until more details are available.

Jefferies has been advising investors to hold onto their positions in Ocado since at least December of last year.

As of Tuesday, S&P Global Market Intelligence reports that about 15% of Ocado's free float is represented by shares that have been lent out, which is an indication that there is short interest.

The acquisition of IRobot Corp by Amazon was approved by The Competition and Markets Authority (CMA) last week, which manufactures Roomba.

iRobot creates and constructs robots that are meant for everyday use by consumers, such as their robot vacuum cleaners that are sold under the name 'Roomba'. According to the CMA, the agreement would not negatively impact the market competitiveness within the United Kingdom.

On Thursday, during the premarket check, the value of AMZN shares went up by 0.34% and were being traded at $125.25.

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