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Amazon Buys Zappos.com for $807 Million

July 22, 2009 – By Raymond T. Hightower | 0 Comment

A web business analogy: Zappos.com is to shoes as Amazon.com is to books. Now the two companies have joined forces. Amazon bought Zappos.com for $807 million in stock.

Tony Hsieh, CEO of Zappos.com, describes the deal in a letter to Zappos employees.

Hsieh talks about the company’s culture in this video from ABC’s Nightline:

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