Amazon.com has made a huge purchase today, buying the online shoe and clothing retailer Zappos.com for $807 million.
Zappos.com 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 Mashable.com, the Amazon-Zappos deal will be for "$807 million in Amazon stock, plus about $40 million in cash and restricted stock."
Wednesday, July 22, 2009
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