Amazon.com To Announce Deal With Viacom For Online Video Service

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.