Amazon acquires Woot
By Alexandria Sage |
July 2, 2010, Friday
|
Print Edition
Print Edition
AMAZON.COM Inc said on Wednesday it signed an agreement to acquire online store Woot.com, which sells discounted products and operates an online community, for an undisclosed sum.
Amazon, the largest web retailer in the world, said the acquisition would sustain the long-term growth of Woot, which says on its website that it "focuses on selling cool stuff cheap."
The Carrollton, Texas-based company with an irreverent edge offers a new item every day for sale until it is sold out and a new item takes its place.
"Woot to be acquired by Amazon, then left to amuse ourselves," read the brief statement by Woot on its website. "Holy crap! Woot has signed an agreement with Amazon ?? yes, the Amazon ?? to become an independent subsidiary of the e-commerce colossus.
"More details forthcoming after we pick our eyeballs up off of the floor," the Woot statement read.
Amazon, the largest web retailer in the world, said the acquisition would sustain the long-term growth of Woot, which says on its website that it "focuses on selling cool stuff cheap."
The Carrollton, Texas-based company with an irreverent edge offers a new item every day for sale until it is sold out and a new item takes its place.
"Woot to be acquired by Amazon, then left to amuse ourselves," read the brief statement by Woot on its website. "Holy crap! Woot has signed an agreement with Amazon ?? yes, the Amazon ?? to become an independent subsidiary of the e-commerce colossus.
"More details forthcoming after we pick our eyeballs up off of the floor," the Woot statement read.
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