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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.41

+0.6%

Nov 7 9:30 AM EST

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To: puborectalis who wrote (92009)	1/24/2000 9:32:00 AM
From: Robert Rose	Read Replies (1) of 164684

This deal shows Amazon's potential as an etailing powerhouse: Monday January 24, 8:23 am Eastern Time Amazon.com raising drugstore.com stake SEATTLE, Jan 24 (Reuters) - Internet retailer Amazon.com Inc. (NasdaqNM:AMZN - news) said Monday it would boost its minority stake in drugstore.com Inc. (NasdaqNM:DSCM - news) and would get $105 million as part of a deal with the online pharmacy. Amazon.com would make an additional $30 million investment in drugstore.com. The move would bring its total stake in drugstore.com to almost 28 percent. The company said in a statement that Amazon.com and drugstore.com would integrate a number of their shopping features and create a drugstore.com shopping ``tab' at Amazon.com. When the deal is completed, an Amazon.com investment partner for the first time will be prominently featured on Amazon.com as a permanent part of the company's regular structure. Under the agreement, Amazon.com would receive $105 million over three years.

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