Friday, October 1, 2010

Amazon In Talks To Buy Spanish Private Sales Company BuyVip For $110 million

Ecommerce giant Amazon.com has long been rumored to make a $2 billion play for online private sales club sensation Vente-Priv�e, but so far a deal hasn't happened. Now rumors are swirling that Amazon is in late-stage negotiations to acquire Spain-based rival BuyVip instead. Company executives have denied the rumors so far, but Spanish business publication CincoD�as cites multiple sources familiar with the talks having confirmed the acquisition to them. Paperwork is being signed today, according to said sources.

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