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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (92011)	1/24/2000 10:15:00 AM
From: gladman	Read Replies (1) \| Respond to of 164684

What a coincidence!!! >>January 24, 2000 Online Retail Giant Amazon Boosts Stake in Drugstore.com Dow Jones Newswires SEATTLE -- Amazon.com Inc. agreed to integrate its shopping services with those of Drugstore.com Inc. and create a drugstore.com shopping "tab" on its Web site. Amazon Agrees to Acquire Stake in Car-Buying Site Greenlight (Jan. 21) Under the terms of the agreement, Amazon.com will receive about $105 million from the online drugstore over a three-year period. Amazon also said it plans to make a $30 million investment in Drugstore.com, bringing its stake in the company to nearly 28%. The online retail company initially purchased a minority stake in Drugstore.com in August 1988. As of July 28, 1999, Amazon stood as Drugstore.com's largest shareholder with about 11.4 million shares, representing a 26.8% stake. Amazon said the companies' alliance will allow it to sell drugstore products on its Web site, which furthers its objective to become a diversified online retailer. The pact marks the first time Amazon has agreed to feature an investment partner permanently on its Web site. On Friday, Amazon agreed to acquire a 5% stake in online car-buying company Greenlight.com. Amazon will promote Greenlight on its site and, along with the stake, will receive $82.5 million over five years. Amazon will also receive warrants to increase its stake to as much as 30% over the period.<<