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Financial News Network
February 12, 2012 AT 11:37 AM
Amazon.com (NASDAQ:AMZN) plans to announce a deal with Viacom (NYSE:VIA) to launch an online subscription service this week, according to Reuters.The move comes in the wake of hints Viacom CEO Philippe Dauman made last week on a CC.Reuters reported that the deal would be unveiled as soon as this week.Amazon.com (NASDAQ:AMZN) has potential upside of 27.8% based on a current price of $184.19 and an average consensus analyst price target of $235.44.