Has Just Bought

Wow, this is huge, has just bought for $847 million. CEO Tony Hsieh sent a letter to his employees about the acquisition and CEO Jeff Bezos made a video regarding the announcement.

This morning, our board approved and we signed what’s known as a “definitive agreement”, in which all of the existing shareholders and investors of Zappos (there are over 100) will be exchanging their Zappos stock for Amazon stock. Once the exchange is done, Amazon will become the only shareholder of Zappos stock.

UPDATE: Here’s the press release from

Scott Beale
Scott Beale

Scott Beale is the founder of Laughing Squid and is based in New York City. When not running the blog, Scott can be found posting on Threads and sharing photos on Instagram.