Murmp

News has just broken that Amazon.com has purchased hot ecommerce up-and-comer Zappos for 10 million Amazon shares or $880 million. (The Amazon release said it was $807 million, but that was based on a trailing 45-day estimate of its share price. Closing price today bumps the deal up to $880 million.) Zappos employees also will get $40 million in cash and restricted stock. In other words the deal is more like $920 million all told. And Zappos management will remain in place.