Amazon to acquire Prione Business, company's JV with Narayana Murthy firm

Amazon will acquire Prione Business Services, the e-commerce giant’s joint venture (JV) with Catamaran Ventures subject to regulatory approval.

Catamaran belongs to Infosys co-founder N R Narayana Murthy; the two partners announced in August they would discontinue the venture when its term ends in May 2022.

“Amazon will acquire Catamaran’s shareholding in Prione in compliance with applicable laws including all assets and liabilities,” said an Amazon spokesperson on Wednesday. “The businesses of the Joint Venture shall continue under the leadership of the current management and on receipt of regulatory approvals, the board of Prione & Cloudtail (owned by Prione) will