Amazon buys Zappos for $807 million
 

Amazon.com Inc. (AMZN 88.58, -0.21, -0.24%) said Wednesday it has agreed to acquire closely held online retailer Zappos.com Inc. in a stock deal valued at $807 million. Amazon said in a statement that under terms of the deal, it will buy all outstanding shares, warrants and options of Zappos in exchange for roughly 10 million Amazon shares with their value based on average closing prices in June and July. In addition, Amazon "will provide Zappos employees with $40 million in cash and restricted stock units," Amazon said. The Seattle-based Internet retailer said it expects the Zappos acquisition to close in the fall.

http://www.marketwatch.com/story/ama...7-million-deal

Wow, that's a lot of shoes.

wow thats some big news

More Free Shipping!

I don't understand all that bullshit about economics.

will be interesting to see how amazon improves them, zappos has some of the best rated customer service for a online retailer..

nice chunk o' change there

Its other way, Zappos need to teach Amazon customer service

Love the media and the consistency.

Google news results:

Amazon Buying Out Zappos.com For Roughly $847 Million
Washington Post - ‎1 hour ago‎

Zappos is bringing in roughly $1 billion worth of annual revenue-mostly from its core shoe business-though, in an interview with the Las Vegas Sun, ...

Amazon.com to Acquire Zappos.com for $807 Million Bloomberg

Amazon.Com Buying Shoe Seller Zappos For $928 Million New York Times

:1orglaugh

Still a lot of shoes whatever the end price is.

zappos employees must be really happy right now =)

they both kick ass

kind of what i mean, i wonder if amazon will keep on the zappos team and let them run it and keep the good customer service they provide or take it all monster box store like amazon and make it harder to resolve stuff..

zappos got successful because they took out the hassle of buying shoes online and them not fitting, i still wont buy shoes online unless i tried them on in the store but zappos nailed a niche and made it very sucessful.