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Amazon invests in wine
April 18, 2000: 6:24 p.m. ET

Online retailer pumps $30 million into newly launched
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NEW YORK (CNNfn) - Online retailer Tuesday said it had invested $30 million in, a newly launched wine-retailing site.
    The investment is Seattle-based's latest effort to provide links for customers to buy most any product online, Jeff Bezos, Amazon's founder and CEO said.
    graphicThe company declined to provide further details about the investment.
    " strives to be the e-commerce destination where consumers can find and discover anything they want to buy online," Bezos said., a San Francisco-based company that officially launched Tuesday, has partnerships with Wine Spectator magazine,, The New York Times on the Web and as well as several other wine-related sites.
    The company said it offers more than 1,400 wines from more than 550 wineries, importers and suppliers, and 250 wholesalers in 45 states.
    Shares of (AMZN: Research, Estimates) gained 7-7/8 to close at 54-15/16 on the Nasdaq Stock Exchange Tuesday. Back to top


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