Amazon Buys Zappos

  • The popular online retailer Amazon.com purchased Zappos.com, an online footwear retailer on July 22nd, 2009. Amazon reportedly offered 10 million shares of its stock, worth roughly $880 million.http://www.techcrunch.com/2009/07/22/amazon-buys-zappos/

    Zappos was founded in 1999 by Nick Swinmurn and reached $1 billion in gross sales in 2008.http://about.zappos.com/press-center/zappos-milestone-tenth-anniversary

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