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Amazon.com Buys Zappos

Zappos, a privately held company, the largest online shoe and apparel retailer, said it was selling out to Amazon.com for more than $800 million in cash and stock. The deal is the largest in Amazon.com’s history.

Zappos won’t just be swallowed up by the online retailing giant. Rather, Amazon.com plans to let Zappos continue to operate as Zappos with headquarters in Las Vegas and a shipping facility in Louisville, Ky.