Reuters: Deals: Amazon.com to buy Kiva Systems for $775 million

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Amazon.com to buy Kiva Systems for $775 million Mar 19th 2012, 20:50 Tweet Share this Email Print Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Amazon.com Inc's headquarters is pictured in the South Lake Union neighborhood of Seattle November 8, 2011. Credit: Reuters/Anthony Bolante SAN FRANCISCO | Mon Mar 19, 2012 4:50pm EDT SAN FRANCISCO (Reuters) - Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology to the e-commerce company's giant network of warehouses. The acquisition, which has been approved by Kiva's stockholders, is expected to close in the second quarter of 2012, Amazon added in a statement. (Reporting By Alistair Barr; Editing by Phil Berlowitz) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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