Published
Oct 5, 2010
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Amazon signs an agreement to purchase BuyVip

Published
Oct 5, 2010

Amazon strides towards an exclusive shopping page. The U.S. giant has signed an agreement to buy the Spanish site, BuyVIP. The amount of the transaction is estimated at $96 million (about 70 million Euros). The information was released by the Wall Street Journal and has now circulated the Spanish and English press. Launched in 2006, BuyVIP is owned by a consortium of investor groups.
The site is aiming for a turnover of over 100 million euros this year, compared to 70 million in 2009.

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