Sequoia Capital

Z to A: Amazon.com gobbles up Zappos.com

Zappos.com, an internet retailer that launched in 1999, survived the
.com bust and went on to become the number one online footwear seller,
has been purchased by Amazon.com in a mostly-stock deal worth over
$900m.

Amazon plans to run Zappos as a wholly-owned subsidiary, with its new
acquisition maintaining its own branding and separate operations.