Wednesday, July 22, 2009

Breaking: Buys Zappos has made a huge purchase today, buying the online shoe and clothing retailer for $807 million. CEO Tony Hsieh sent an email informing his employees today, suggesting "Please set aside 20 minutes to carefully read this entire email."

According to an article on the technology and social media blog, the Amazon-Zappos deal will be for "$807 million in Amazon stock, plus about $40 million in cash and restricted stock."

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