Amazon Acquires Warehouse Tech Provider for $775 Million

Amazon.com has acquired North Reading, Mass.-based Kiva Systems, which provides automation technology in distribution centers, for $775 million in cash. Amazon takes its warehouse side of the business seriously, adding 17 new facilities — equivalent to millions of square feet — in 2011 for a total of 69 centers. The Seattle-based e-commerce provider said the acquisition is expected to close in the second quarter.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald