Amazon’s $475M Saks Global Investment Faces Risk After Bankruptcy Filing

The statement is assessed as 'likely true' with high confidence based on overwhelming and consistent evidence from multiple highly authoritative sources. Several top-tier financial news outlets, including CNBC, Bloomberg (via Yahoo Finance), and Reuters, explicitly and repeatedly state that Amazon made a $475 million investment in Saks Global. This information is consistently presented in the context of official bankruptcy court filings where Amazon is fighting to protect this specific investment, which lends significant credibility to the figure.Further support comes from industry-specific publications like Retail Dive and other financial news platforms, which corroborate the exact $475 million amount. The only minor point of variance is a single industry article from WWD mentioning a '$500 million investment in Saks' e-commerce business in 2021'. This does not constitute a direct contradiction; it could be a rounded figure, refer to a different or larger deal structure, or be a slightly inaccurate historical report. The precision and consistency of the $475 million figure across numerous sources reporting directly on the legal proceedings make it far more credible. Several other sources provided are either irrelevant (e.g., a retail sales page, a general Wikipedia article) or provide only general context about the bankruptcy without mentioning the specific investment. Therefore, the vast majority of relevant, high-quality evidence directly supports the statement.