twice connect

Amazon Picks Up Egghead's Shards

12/17/2001 02:00:00 AM Eastern bought the last vestiges of the bankrupt online computer retailer for $6.1 million.

Amazon, which already has a CE and computer Web store, snatched up Egghead's intellectual property rights, product information and Web site data. Amazon intends to relaunch the Egghead site at a future date, but for the time being customers going to are redirected to Amazon's computer store where a notice tells visitors to check back for a new Egghead site.

Amazon was able to pick up Egghead, which ceased operation in November, after would be suitor Fry's Electronics backed out of a proposed $10 million buyout offer and instead purchased online retailer Cyberian Outpost for $8 million earlier this month.

Want to read more stories like this?
Get our Free Newsletter Here!

Curated By Logo