Amazon.com Inc (AMZN) is a leading global Internet company and one of the most trafficked Internet retail destinations worldwide. Having brought online shopping ease and products like Kindle, Amazon now is venturing into more fashion related products by acquiring Zappos for920 million USD.Thats near 1 billion dollars folks. This is fantastic.
Zappos is the celebrated online shoe store which Amazon will purchase for stock worth $807 million plus $40 million in cash and restricted stock to Zappos employees. Ten-year-old Zappos will continue to operate independently, with current management in place in its Las Vegas headquarters. See more here
This means that internet deals will continue to get done for companies that have a strong value proposition to offer to its customers.
We hope that such deals inspire investors in the Caribbean to see the potential in the internet and allow more deal flow into the internet area so that Caribbean content can develop and thrive.