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.
Click to continue reading Amazon acquires Zappos
Gallery: Amazon acquires Zappos
Advertisement
Advertisement
© Gear Live Media, LLC. 2007 – User-posted content, unless source is quoted, is licensed under a Creative Commons Public Domain License. Gear Live graphics, logos, designs, page headers, button icons, videos, articles, blogs, forums, scripts and other service names are the trademarks of Gear Live Inc.