Woot Acquired by Amazon
Looks like Amazon has got its hands on another successful online retailer, this time it is Woot.com, the site which dishes out a single daily deal which offers steep discounts.
Here is what was announced through a recent blog post on the Woot Blog:
Holy crap! Woot has signed an agreement with Amazon – yes, the Amazon – to become an independent subsidiary of the ecommerce colossus. Woot HQ will remain in Carrollton, Texas, and will operate as autonomously as other Amazon companies like Zappos and Audible. More details forthcoming after we pick our eyeballs up off of the floor. Anybody see where Lefty rolled off to?
Matt Rutlegde the CEO of Woot has shared more details about this in detail through another blog post viewable here. Amazon had also earlier acquired Zappos. Financial details for the acquisition is not yet available, but it could be somewhere between $250-500 million according to the 2008 sales figures for Woot.
(Business Insider via Techmeme)
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