Fenwick & West LLP represented Zappos.com, Inc. in its recently announced acquisition by Amazon.com, Inc. (NASDAQ: AMZN). Zappos, headquartered in Henderson, NV, is a leading provider of online apparel and footwear sales. Under the terms of the agreement, Amazon will acquire all of the outstanding shares and assume all outstanding options of Zappos in exchange for approximately 10 million shares of Amazon common stock, for a total transaction value of approximately $807 million, in addition to $40 million in cash and restricted stock units to Zappos employees.
The transaction is subject to various closing conditions and is expected to close during the fall of 2009.
Details of the transaction are available on the Amazon Web site.
The Fenwick & West transaction team included corporate attorneys Bill Schreiber, Kris Withrow, Rob Freedman, Matthew Forkner, Kristin O'Hanlon, Shulamite Shen White, Daniel Paramés and Abraham Zuckerman; technology transactions attorneys Chris Joslyn, Christa Gaines and Robin Schulman; and tax attorneys Adam Halpern, Tim Fitzgibbon and Amanda Athanasiou.
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S. and by Bloomberg and FactSet as one of the top dozen M&A legal advisors in the U.S. – across all industries.
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