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Amazon to buy Zappos.com for $927 million

Filed in: Make Money Online by admin on 07-22-09

Zappos.com

Yup, Amazon the multinational electronic commerce company is brewing something big. This time coming off a news that they will be buying Zappos.com for $927.9 million smackaroos, mostly in stock.

That near to billion acquisition is just mind-boggling eh, where Zappos will receive approximately 10 million Amazon.com shares with an additional $40 million in cash and restricted stock units.

The deal is expected to close in the fall of 2009.

Zappos.com is an electronic commerce company specializing in footwear and is currently based in Henderson, Nevada, USA. The company warehouse is located in Shepherdsville, Kentucky, along with an outlet store. In addition, Zappos has two outlets stores in Las Vegas, Nevada and Henderson, Nevada.

Since its founding in 1999, Zappos has grown to be the biggest online shoe store. Zappos did “almost nothing” in sales for 1999, but grossed over $800 million in merchandise sales in 2007, and is projecting over $1 billion in 2008.

The name Zappos is derived from the Spanish word zapatos, meaning shoes.

Well it would be good news for us publisher, indicating if Amazon has the money to spend, that speaks about the state of the economy, as they’re investing for the future. It could be another source of money maker, for which we can tap in the coming months.

Post from: Sha Money Maker

Amazon to buy Zappos.com for $927 million