In its second-largest acquisition, Amazon buys the company for $970 million.
Newegg.com is expanding into Canada, with a new domain, Newegg.ca. The site will show prices in Canadian dollars. To start, the company will fulfill orders and handle customer service from the U.S. It is looking at Canadian options down the road.
Lots of online retailers these days are looking to foreign sales as way to offset the soft U.S. market. Newegg.com, No. 10 in the Internet Retailer Top 500 Guide, is joining them by expanding into Canada, with a new domain, Newegg.ca.
Newegg.ca will display prices in Canadian currency. The company says it is taking a phased approach to its Canadian operation and will start out using its U.S. facilities for both fulfillment and customer service. It says it is evaluating other options, including distribution partnerships and a Canadian fulfillment center.
Newegg, which was started in 2001, also reports that it recently served its 10 millionth customer.