TechCrunch: Amazon Acquires Fabric.com
Adding to its growing stable of business units, Amazon.com recently acquired Fabric.com and its business assets. Terms of the deal weren’t disclosed, but Fabric.com will continue to function as its own entity. Amazon’s acquisition of a somewhat unrelated company is an interesting move, in this era of corporate refocusing on core competency.
With a tough economy, now might be a great time for a large company like Amazon to pick up some great business assets at good prices. The question is, what can Amazon do to avoid the same fate as IAC?
Thanks to Brad for sending the story.
Reach out to Elliot: Twitter | Google + | Facebook | Email