Amazon Buys Zappos for $800 Million in Stock
Amazon is acquiring Zappos, the best online shoe retailer ever (in my opinion) for $800 million in stock.
Zappos, a ten-year-old private company that has won fans with perks like free shipping and personalized service, is the largest player in that market....The companies said the Zappos management team would remain intact, and that it would continue to operate as an independent division of Amazon from its offices outside Las Vegas. Zappos, whose backers include Sequoia Capital, also said it planned to maintain its shipping facility in Louisville, Ky.
I hope they run it the same. Amazon is stingy with affiliate commissions while Zappo's pays one of the best rates around. If that changes, I'll be very disappointed.
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