Dec 4, 2009

Sources: Amazon And Vente-Privee In Talks Over $3 Billion Acquisition

US retailing giant Amazon is in deep and secret negotiations with Vente-Privee, the French private sales club which has taken the ecommerce and fashion industries by storm, our sources say.

We asked Xavier Court, marketing director at Vente-Privee, on the record if Amazon had acquired Vente-Privee. His response was "Very flattering but not true at all."

However, our sources say that although the two companies have not yet agreed anything, they are in fact negotiating a price close to 2 billion Euros, or $3.01 billion. In October we learned that Vente-Privee was looking for a sale of between $2 billion and $4 billion.

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