March 21, 2000
AMAZON.COM INVESTS $60 MILLION IN KOZMO.COM
Amazon.com, the biggest Internet retailer, said yesterday that it had invested $60 million in Kozmo.com, an online home-delivery service. The alliance will allow customers to receive orders within an hour, with Kozmo being an option for some book, music and toy orders. Amazon.com agreed to a three-year alliance in exchange for warrants to buy more shares of Kozmo, which is closely held. Kozmo delivers videos, snacks and other items bought online in New York, Washington, San Francisco, Seattle, Boston and Los Angeles. Shares of Amazon.com, based in Seattle, fell 62.5 cents, to $64.1875, in Nasdaq trading.
The New York Times

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  1. sethgoldstein posted this