Today in Technology: Amazon Acquires Zappos – Commentary, Video, etc… July 27, 2009

amazon_zapposAs I’m sure you’ve heard by now, Amazon acquired internet shoe and clothing retailer Zappos.com for over $900 million late last week. This is obviously a great exit for Zappos and a seemingly excellent purchase for Amazon. Wall Street liked the purchase as well, as Amazon’s stock jumped almost $5 on Thursday when the news came in. This purchase is the latest in what has been many over the years for Jeff Bezos’ company. For some of the others, take a look at the graphic below. I wanted to keep this short and instead include a video from Mr. Bezos on the company and acquisition as well as a link from the Zappos CEO on the move as well. You can find that letter here.

amazon_purchases

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