Amazon.com,an online shopping for electronics,apparel,computers,books and many others announced they have bought Zappos.com,an online retailer too.
It seems that Amazon bought Zappos.com for the amount of $847 Million, in a stock and cash transaction.
eff Bezos, Founder and CEO of Amazon.com seems to be very proud of this transaction,saying “Zappos is a customer focused company.We see great opportunities for both companies to learn from each other and create even better experiences for our customers.”
CEO of Zappos mentioned also that Amazon is the best choice for this partnership : “We are joining forces with Amazon because there is a huge opportunity to utilize each other’s strengths and move even faster towards our vision of delivering happiness to customers, employees and vendors. We will continue to build the Zappos brand and culture in our own unique way, and we believe Amazon is the best partner to help us do this over the long term.”

Source : http://phx.corporate-ir.net/phoenix.zhtm...highlight=