Amazon Signs Agreement to Acquire BuyVIP.com

LUXEMBOURG & MADRID, SPAIN – Oct. 7, 2010 – Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire BuyVIP.com, a fashion and lifestyle online buying community with more than six million members in countries including Spain, Germany, and Italy. BuyVIP.com offers customers time-limited campaigns from top fashion and lifestyle brands at low prices.

“BuyVIP.com offers their members an exciting selection of top fashion and lifestyle products at extraordinarily low prices,” said Greg Greeley, vice president European Retail at Amazon. 

“BuyVIP.com is an excellent complement to Amazon’s European business and will provide another unique way for Amazon customers to find and discover unique and compelling products.”

“We are excited about joining the Amazon family and believe doing so will help us further grow our presence in Europe and allow us to offer our members an even broader selection of high-quality products,” said Gustavo Garcia Brusilovsky, chief executive officer of BuyVIP.com.

The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2010.  

*Source: Amazon.com

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