Seattle - Amazon.com yesterday bought the last vestiges of the bankrupt online computer retailer Egghead.com for $6.1 million.

Amazon, which already has a consumer electronics 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 www.egghead.com are redirected to Amazon's computer store where a notice tells visitors that the two firms have teamed up and 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.

Release Date: 
2001-12-05 13:17:00
Workflow: 
online
Abstract Web: 
Seattle - Amazon.com yesterday bought the last vestiges of the bankrupt online computer retailer Egghead.com for $6.1 million.
Article Type: 
News
nstein articleid: 
261298
createdBy: 
8668