Amazon acquires Zappos
Posted by Andru Edwards Categories: News,
It has just been announced that Amazon has purchased the vastly popular Internet shoe retailer Zappos for $850 million. The sale, confirmed in a letter sent from Zappos CEO Tony Hsieh to his employees, was for $807 million in Amazon stock, plus $40 million in cash and restricted stock.
Amazon CEO Jeff Bezos has also given some feedback on the acquisition as part of a video that he put out today, embedded above.
You can check out the full press release, after the break.
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