Picks Up BuyVIP For Close To $100 Million

Posted Oct 4, 2010, Inc. (NASDAQ:AMZN) has acquired BuyVIP, a private online shopping community based in Europe. The 6 million members in Spain, Germany, Italy, Austria, Poland, Portugal, and the Netherlands are promised high-end merchandise at low prices. The Wall Street Journal is reporting that the acquisition was worth $96.5 million. [WSJ]