To me the Product Owner is kind of the Business Analyst as he writes the Product Backlog Item after consultation with Stakeholders?

Yes, in many Agile/Scrum projects the Product Owner is represented by the BA. Particularly in projects where business stakeholders have little to no availability or are unable to attend daily standups, etc. The BA is probably the best person to represent them, since he or she basically represents the voice of the customer.

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