NEW YORK (Standard&Poor's) July 23, 2009--Standard&Poor's Ratings Services said today that Amazon.com's (BBB/Stable/--) acquisition of Zappos.com, an online apparel and footwear retailer, for $847 million has no immediate impact on its rating or outlook for the company. Amazon will acquire all of the outstanding shares and assume all outstanding options and warrants of Zappos in exchange for approximately 10 million shares of Amazon's common stock, which are equal to about $807 million. Additionally, Amazon will provide Zappos employees with $40 million in cash and restricted stock units. The acquisition is expected to close in fall 2009. We believe the acquisition will strengthen Amazon's footwear and apparel offering and result in further product diversification. We expect Amazon
