Amazon said Thursday that Joyo will become its seventh global site, and will allow it to service more than 80 million online users in China.
The $75 million price tag includes about $72 million in cash and the assumption of employee stock options. Amazon expects the transaction to close in the third quarter.
Amazon doesn't expect the deal to have a significant impact on net sales or operating profit in the third quarter or full-year fiscal 2004.
Amazon's shares were little changed by the news, recently up 8 cents to $39.44.