Is Amazon Going On A Shopping Spree?

Is Amazon Going On A Shopping Spree?

Amazon said on Wednesday that it has reached a deal to buy online shoe and clothing retailer Zappos.com Inc for roughly $927.9 million, mostly in stock.

The deal is slated to close this autumn and Amazon said the Zappos management team will remain intact.

Stephen Ju, an analyst with RBC Capital, said the deal makes sense culturally as both Amazon and Zappos are very customer-service oriented.

With one takeover on the table, speculation is swirling that Amazon is looking at a second acquisition, too.

There’s rumors they also want Netflix, reveals Patty Edwards of Storehouse. These guys are really smart. They’ve got the money and they want to get bigger. I wouldn’t be surprised to see more acquisitions.

What's the trade?

I think Netflix is a buy not only on the speculation but just for the fact that they’re killing the competition, says Edwards.

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