Zappos Acquired By Amazon!

Zappos is my favorite online store second only to Amazon.com.

Today it was announced that Zappos was aquired by Amazon for $850 Million! That is actually a lot less than I expected considering Zappos sells over $1 billion worth of product a year. I understand that’s just gross revenue but I would have expected the number to be a bit higher.

Either way, this should be interesting to see the changes.

Source: Mashable.