Carrollton, TX-based deal-a-day online marketplace Woot said today it has signed an acquisition agreement with Seattle-based e-commerce giant Amazon (NASDAQ: [[ticker:AMZN]]). Under the agreement, Woot said it would become an independent subsidiary of Amazon, maintaining the same level of autonomy as other subsidiary companies, such as Audible and Zappos. Financial terms weren’t disclosed, and Amazon didn’t issue a statement on the deal. Woot CEO Matt Rutledge did publish a rather comical e-mail that he sent out to the entire Woot staff regarding the deal today.
Author: Thea Chard
Before joining Xconomy, Thea spent a year working as the editor of another startup, the hyperlocal Seattle neighborhood news site QueenAnneView.com. She holds a bachelor's degree from the University of Southern California, where she double-majored in print journalism and creative writing. While in college, Thea spent a semester studying in London and writing for the London bureau of the Los Angeles Times. Indulging in her passion for feature writing, she has covered a variety of topics ranging from the arts, to media, clean technology and breaking news. Before moving back to Seattle, Thea worked in new media development on two business radio shows, "Marketplace" and "Marketplace Money" by American Public Media. Her clips have appeared in the Los Angeles Times, the Santa Monica Daily Press, Seattle magazine and her college paper, the Daily Trojan. Thea is a native Seattleite who grew up in Magnolia, and now lives in Queen Anne.
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