Amazon.com Acquires Woot

Posted Jul 1, 2010

Amazon.com, Inc. (NASDAQ:AMZN) has acquired Woot.com, the website best known for having a solid deal every day. “Coincidentally” today’s deal on Woot.com is the Amazon Kindle Wireless Device for $149.99+$5 shipping and it is sold out.

Woot will continue to run independently just like how Amazon.com is letting Zappos and Audible run themselves after the acquisition. Woot.com made about $164 million in sales in 2008. Although there is no word on how much the acquisition was worth, rumor has it that Amazon.com paid $110 million, meaning that sales must be down since 2008.

[BusinessInsider]