Amazon is one of the most valuable and highly considered tech-company in the world. It’s based in Seattle Washington, United States. It was founded by Jeff Bezos in 1994 and initially was an online bookstore. As of 2019, it’s revenue was 87.4 billion dollars. It’s one of the largest business establishments in the United States and has over 840,000 employees as of 2020. Above are some companies owned by amazon.
After the dotcom bust, Amazon has been growing since then. Till 2020 Amazon has managed to breed over 40 subsidiaries including Audible, video streaming platform Twitch, Diapers.com, IMDb, Goodreads, Amazon Robotics, Shopbop, TeachStreet, Zappos, and the list goes on.
There are numerous ways through which Amazon managed to rank up the billions by these subsidiaries. Somehow Amazon wants to create or acquire many startups or wants to move toward every field that can be used for the growth of its own. Many of these subsidiaries play a pioneering role in their field just like famous live streaming platform Twitch, IMDb, Whole Food Market, Audible, and the list goes on.
So let’s look at these companies owned by Amazon and their lucrative lines of business.
Top 10 companies owned by Amazon.
- Acquisition price: $1 billion USD
- Type: Live-streaming platform
One of the most famous live video streaming Twitch is owned by Amazon and has managed to reach millions of users.
Twitch was founded by Justin Kan and as time goes on it was acquired by Amazon in August 2014 for an immense amount of $1 billion USD then Twitch had become an Amazon property that used by more than 60 million users.
It’s much popular in the US. It has 3 million daily users from the US. Twitch primarily focuses on live streaming for gaming so those who love gaming become users of Twitch.
Twitch is one of the best companies owned by amazon.
2. Whole Foods Market
- Acquisition price: $13.7 billion USD.
- Type: Grocery store
Whole Foods Market is a pioneering grocery store chain in the USA, Canada, and the UK. The company was originally founded in 1978 as Safeway. It’s headquarter is based in Austin, Texas.
At the time when Amazon acquired Whole Foods Market the market cap of Whole Foods Market was around $10 billion USD. It was ranked number 176 in the 2017 Fortune 500 list.
Whole Foods Market is the biggest acquisition of Amazon at the pick price of $13.7 billion USD.
Whole Foods Market is one of the costliest acquisition of Amazon and ranks 2nd our list of companies owned by Amazon.
Amazon has combined the ordering sites for its free grocery delivery service, Amazon Fresh with Whole Foods Market make it a simple matter for customer to place their orders.
Amazon Prime members receive free delivery after ordering from Whole Foods online.
- Acquisition price: $1. 2 billion USD.
- Type: Footwear e-commerce
Zappos is one of the biggest footwear e-commerce websites in the world. Having been acquired by the price of $1.2 billion USD it becomes a subsidiary of Amazon. The Zappos word came from Spanish which means ‘shoes’ in the English language.
It was purchased on November 02, 2009. Considering data of Forbes the revenue it gained in 2019 was $2 billion USD. It was Amazon’s first subsidiary in the retail area.
It was founded by Nick Swinmurn in 1999 under the domain name of shoesite.com.
Zappos is one of the first retail area companies owned by Amazon with a price tag of $1.2 billion USD.
- Acquisition price: $300 million USD
- Type: Online audiobook platform
Audible is a famous online audiobook platform owned by Amazon. Audible provides services including stream audiobooks and other forms of spoken word content.
Audible is the largest audiobook producer and retailer in the US. Audible’s first product was a portable media player named Audible Player which was released in 1998 the device could store 4-megabyte sizes of files which could save up to 2 hours audio.
Amazon acquired Audible for about $300 million USD which proved to be a good decision. It’s range rose by more than 22.7% in 2019, to an estimated $2.9 billion USD. in revenue.
Audible is one of the most profitable companies owned by Amazon.
- Acquisition price: Hasn’t been disclosed
- Type: Social catalog website
Another subsidiary of Amazon is GoodReads. GoodReads is a social catalog website that allows users to freely search books from its database, annotations, and reviews.
Users can create their own groups of book suggestions, recommendations, blogs, and discussions about books. Users can buy books direct from Amazon Kindle after searching about books in GoodReads.
On March 28, 2013, Amazon acquired GoodReads. GoodReads acquisition price hasn’t been disclosed.
- Acquisition price: $55 million
- Type: Movie database, website
IMDb is one of the biggest movie databases in the world having been ranked first in the online movie database that is also owned by Amazon.
IMDb provides online movie reviews, ratings, movies including cast, personal biography, production crew, plot summaries, trivia, and fan and critical reviews.
As of January 2020, IMDb has approximately 6.5 million titles and 10.4 million personalities in its database that is a subsidiary of amazon as well as 83 million registered users.
IMDb began as a movie database in 1990 and moved to the web in 1993. In 1998 Jeff Bezos got a deal with Needham and other principal shareholders to buy IMDb outright for approximately $55 million and then it becomes a subsidiary of Amazon. IMDb is one of the best companies owned by Amazon.
7. Alexa Internet
- Acquisition price: $250 million USD
- Type: Web traffic analysis company
Amazon acquired Alexa for $250 million USD in stock. At present Alexa provides web traffic data, the global ranking of over 30 million websites.
Alexa shares data about the website’s monthly visitors, keywords, and much more.
As of 2020 Alexa’s website is visited by 3 million monthly users worldwide.
8. Amazon Robotics (Kiva System)
- Acquisition price: $775 million USD
- Type: Manufactures robotic systems
Amazon Robotics was named as Kiva System when Amazon bought it for $775 million USD. It was founded in 2003 at present the company develops and manufactures robotic systems for a variety of uses and it was independent at the time of its acquisition.
Amazon has not yet integrated their Robotics product into its e-commerce site. This is one of the best modern tech companies owned by amazon.
9. PillPack, Inc.
- Acquisition price: $753 million USD
- Type: Online pharmacy company
Pillpack is an online pharmacy company that was founded in 2013. Amazon bought it in 2018 for a price tag of $753 million USD.
The companies acquisition allows Amazon to deliver aids overnight to a location just like Amazon’s purchases of Zappos and Whole Foods Marketing it is also helping Amazon’s e-commerce business by delivering aids in time.
In amid Covid-19 situation, Pillpack is enough growing to meet its target revenue.
10. Amazon Basics
- Type: Private labeled brand
Amazon Basics is one of the famous companies owned by Amazon. AmazonBasics is a private-label owned by Amazon that offers home goods, office supplies, and tech accessories.
Amazon Basics was launched in 2009. As of 2019, AmazonBasics was the best-selling private labeled brand on Amazon.com.
Amazon Basics provides products including battery cells, household products, charging cables, gym equipment, electronic devices, hardware, and much more.
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