Amazon.com Gets in Gear
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Gear.com is a privately-held firm that offers discounted sports merchandise online. Amazon.com is buying approximately 49 percent of Gear.com's outstanding shares. Financial details were not disclosed.
Wednesday's investment adds sporting goods to the list of retail groups in which Amazon.com has an interest. Tuesday the firm opened up toys and electronics storefronts at its site, which added to its book, video, music storefronts and auction services.