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Analyst names attainable targets like Spotify, shares to watch



There’s a “massive battle” occurring throughout the media commerce, based mostly on one analyst, who said it appeared set to be one in every of many largest sectors for mergers and acquisitions this yr.

Cyrus Mewawalla, head of thematic evaluation at analytics company GlobalData, said there have been rising tensions as Giant Tech invaded the traditional media space. Chatting with CNBC last week —after Amazon launched that it’s going to buy MGM Studios for $8.45 billion — he said that further consolidation throughout the media commerce was “inevitable.”

Amazon could even be in search of to buy further companies throughout the sector to boost its credibility and help it compete with its largest streaming rival Netflix, he added.

“I really feel media will probably be one in every of many largest sectors for M&A consolidation within the the rest of this yr, and you’ve got a complete bunch of companies that might be up for acquisition,” Mewawalla said, naming 4 companies to watch:

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