Amazon completes Zappos acquisition
09/11/2009
The Web retailer said in July that it would pay about 10 million shares of common stock for Zappos, valuing the footwear company at the time at around $807 million. The company also said it would pay $40 million in cash and stock to Zappos employees.
Zappos' management will stay on at the business, which will continue to run independently at its Las Vegas headquarters.
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