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Home » Amazon threatens ‘drastic’ action after Saks bankruptcy, says $475M stake is now worthless

Amazon threatens ‘drastic’ action after Saks bankruptcy, says $475M stake is now worthless

CNBC by CNBC
15 minutes ago
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Amazon invested $475 million into Saks’ acquisition of Neiman Marcus. It wants a federal judge to reject Saks’ bankruptcy plan because it harms creditors.

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