Amazon buys Woot for $110 million

Woot, said that "it had been acquired by Amazon," although it provided few details on what exactly will become of the online deal site other than it would become an independent subsidiary much like the online retailer's other acquisitions, Zappos and Audible. The sale price was $110 million in cash. In an e-mail to his […]

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Woot, said that "it had been acquired by Amazon," although it provided few details on what exactly will become of the online deal site other than it would become an independent subsidiary much like the online retailer's other acquisitions, Zappos and Audible. The sale price was $110 million in cash. In an e-mail to his employees, CEO Matt Rutledge seemed to suggest that not much would change as a result of the new owners.

Today's deal on Woot is "Amazon Kindle Wireless Reading Device (Latest Generation) 6" for $149.99 + $5 shipping.

About The Author

Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he's engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.