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While useful, our precedent transactions analysis on Amazon has limited relevance in this context due to: LTM earnings being utilized in the analysis (as opposed

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While useful, our precedent transactions analysis on Amazon has limited relevance in this context due to: LTM earnings being utilized in the analysis (as opposed to forward earnings). The limited applicability of the analysis to an public ally traded company. o Amazon's size and diversity of business segments. Our utilization of revenue multiples in the analysis

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