Google's YouTube Gaming Might Destruct Amazon Twitch

YouTube is coming up with a gaming app that will be a threat to Amazon Twitch

Google Inc. is extremely popular for its video streaming service YouTube. This platform is now on the verge of transforming itself to a gaming site as well where they have come up with a new app that is focused towards video gamers. The aim behind launching such a platform is that it can gather those consumers that are not comfortable with Amazon’s popular gaming service, Twitch.

YouTube has evaluated the potential market for gaming that is likely to expand exponentially by 75 percent in the fiscal year of 2015. These figures have been put forward by Bloomberg, which have acquired these digits from Ryan Wyatt who heads the gaming partnership for YouTube. During the latter half of FY14, YouTube started to work on its gaming application. This was relative the same time span when Twitch was acquired by the Ecommerce giant, Amazon.

Bloomberg also reported Mr. Ryan Wyatt comments on his company paving towards game development by saying, “You could argue YouTube is the best video game site out there, but, if we’re being honest, not everyone in the gaming community feels that way. We’ve never really built gamers the experience they deserve.”

Therefore it is said that YouTube’s new application will be successful in putting the live stream as a frontrunner. So now users will actually be able to broadcast their game plays with ease. the search engine giant has stated that the gaming app for YouTube will be rolled out in the coming few months. It will not just be a standalone application but they will also come up with a revised web based portal for the gaming platform of YouTube.

According to sources “It will bring together YouTube’s gaming videos, livestreams, as well as community features into one single space. Users will be provided with customization features that will allow them to add their preferred games to “favorites” and highlight those games during searches coupled with tagging them as my games.”

This now results as a potential threat for Amazon since they were the only front runners before YouTube. The complaint has a relative strong consumer base which will also involve gamers. So now if users are provided with an alternative then the business of Amazon will be at stake. YouTube however has a strong market position and has earlier also experimented with gaming that had a positive impact on their overall performance. Google would not have to invest much time, money and energy on this gaming platform since the market is already established.

CVS Wishes To Expand Pharmacy Business By Acquiring Omnicare

CVS Health Corp is all set to secure a purchase deal worth at $10.1 billion to acquire Omnicare Inc.

CVS Health Corp, the operator for drugstore stated recently that the company is all set to spend around $10.1 billion in order to buy Omnicare Inc. the company is known for supplying prescription along with medicines for the nursing department, health care facilities and assisted living.

This initiative by the company makes it the second largest drugstore operator in United States. The company has the access to the older United States population and works on modifying the specialty pharmacy. The purpose of this is to provide drugs that are suffering from chronic diseases whose treatment is relatively expensive.

CVS expects that this deal will help them in adding almost 20 cents to the adjusted earnings per share (EPS) in the fiscal year of 2016. The deal also comprises of a debt of almost 42.3 billion reported the firm.

The health care sector has been currently consolidating while firms have worked on bargaining for competitive prices along with beefing up the drug manufacturing process along with the three largest drug distributors situated in United States.

"There's a lot of purchasing scale. There's a lot more volume. They could renegotiate their supply contracts given the volume," said Steven Halper the analyst at FBR.

Apart from the sales of the mail order and drugstore chain, CVS also has the honor of being the second largest benefits manager in the US. This allows them to secure pricings for government plans and big employers.

CVS has currently offered $98 for each share of Omnicare. This shows that a premium of 4% is visible on the closing price. Omnicare is a reliable name in the health care sector that offers pharmacy related services to the elderly masses.

The company seeks to expand its pharmacy business with this deal and according to Reuters this offer is around 21 percent premium to Omnicare when they closed on April 21. It is a day before when Bloomberg mentioned that Omnicare is exploring a sale in the market. Furthermore, the shares of Omnicare in the market jumped to $96, an increase by 1.5 percent was noticed whereas CVS Health Corp shares rose 2.8 percent to $104.08. It was Bloomberg who broke the news regarding CVS’ plans to buy Omnicare in the coming times.

Apart from this, CVS has secured a financing deal from Barclays for about $13 billion. It is believed that all pharmaceutical companies are looking for purchases and mergers to bolster their portfolios regardless of the industry they are in.