Amazon Gets Warrant to Buy $521.4 Million of 3M Stock in Expanded Data Center Partnership: MMM Rises Over 5% After Hours

What happened: Amazon.com Inc. (NASDAQ:AMZN) expanded its data center partnership with 3M Co. (NYSE:MMM) and received a warrant to buy about $521.4 million of 3M stock, with vesting tied to Amazon's purchases of data center products. Key numbers: Warrant covers up to 3.16 million shares at $164.89 each, exercisable over seven years. Why it matters: The vesting terms tie the warrant's value to Amazon's purchases of optical connectivity and other data center products, linking the payout to the scale of the partnership. Market: +5.0% today ($262.45), +15.9% YTD, 1.4x vol — as of 23:45 UTC Coverage: 4 outlets in 24h

Amazon.com Inc. (NASDAQ:AMZN) expanded its data center partnership with 3M Co. (NYSE:MMM) and received a warrant to buy about $521.4 million of 3M stock, with vesting tied to Amazon's purchases of data center products.

The vesting terms tie the warrant's value to Amazon's purchases of optical connectivity and other data center products, linking the payout to the scale of the partnership. Market: +5.0% today ($262.45), +15.9% YTD, 1.4x vol — as of 23:45 UTC