Amazon.com Inc. (AMZN 88.58, -0.21, -0.24%) said Wednesday it has agreed to acquire closely held online retailer Zappos.com Inc. in a stock deal valued at $807 million. Amazon said in a statement that under terms of the deal, it will buy all outstanding shares, warrants and options of Zappos in exchange for roughly 10 million Amazon shares with their value based on average closing prices in June and July. In addition, Amazon "will provide Zappos employees with $40 million in cash and restricted stock units," Amazon said. The Seattle-based Internet retailer said it expects the Zappos acquisition to close in the fall.
http://www.marketwatch.com/story/ama...7-million-deal