Amazon Acquires Woot, Deals Keep Flowing

From DailyTech: Amazon acquired the snarky deal-of-the-day website Woot yesterday, The Dallas News reports, for a price tag of $110 million in cold, hard cash. And according to an e-mail sent out to all Woot employees by CEO Matt Rutledge, some free downloads were thrown in for good measure:

"We think now is the right time to join with Amazon because, quite simply, every company that becomes a subsidiary gets two free downloads until the end of July, and we very much need that new thing with Trent Reznor’s wife on our iPods."

Woot, which runs special daily promotions on an assortment of products, will continue to operate independently, with Amazon acting more-or-less as a financial backer, similar to Amazon's previous acquisitions of Zappos and Audible.

"It will be easier to run an aggressive-growth company when you have the backing of a big operation like Amazon," Rutledge told The News.

In his e-mail to employees, Rutledge assured them that the culture of the young, irreverent company will not change. The company's founder also stated that he will remain CEO.

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