Amazon.com to Acquire Zappos.com
Under the terms of the agreement, Amazon will acquire all of the outstanding shares and assume all outstanding options and warrants of Zappos in exchange for approximately 10 million shares of Amazon common stock, equal to approximately $807 million based on the average closing price for the 45 trading days endingJuly 17, 2009. In addition, Amazon will provide Zappos employees with $40 million in cash and restricted stock units. Subject to various closing conditions, the acquisition is expected to close during the Fall of 2009.
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jessicalee reblogged this from brit and added:
for about $800 million. Good thing I didn’t cash in my Amazon gift certificate yet!
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somewhatfrank reblogged this from noreaster and added:
Big congrats to Tony and Zappos!
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somewhatfrank liked this
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noreaster reblogged this from caterpillarcowboy and added:
team! Wow - good
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brit reblogged this from mikehudack and added:
Wow, didn’t see this one coming. Congrats Tony and the Zappos team!
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evanwalsh liked this
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peterwknox reblogged this from mikehudack and added:
Does this mean I get my books AND my shoes delivered the next day?
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mikehudack reblogged this from caterpillarcowboy
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caterpillarcowboy posted this
