Jul 1, 2010
Amazon.com aquires Woot.com, a deal based website
The year saw a few big acquisitions of online properties with the latest being Amazon buying Woot.com. Woot is a deal based website that focuses on discontinued, past season, refurbished, or slow moving items that manufacturers/distributors are looking to get off their books.
I was first exposed to Woot when somebody either sent me a link or posted a link to a Samsung washer which was 40% off retail. The catch 22 with that was the fact that those washers had a program issue but it never left the factory floor before it was reprogrammed and corrected. Same thing like the Camry recall where they reprogram the brain of the unit. Only difference with the washer are, those units are brand new and good luck trying to get the washer 100mph down Route 66.
Woot should not see any changes in the staff or operations per their blog posting. Nothing was announced when it came to the value that Amazon paid for Woot.
Recently Buy.com got acquired by Rakuten of Japan, parent company of Linkshare USA. Prior to that, Amazon acquired Zappos.com.
My guess on some big company to be acquired – NewEgg.com
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