If the shoe fits: Ozon, Russia’s Amazon, buys Sapato

In a move that echoes Amazon’s purchase of Zappos back in 2009, Russian web store Ozon is buying online shoe seller Sapato.ru — a deal that Ozon CEO Maelle Gavet says will turn it into a “powerhouse online retailer”.

Talent acquisitions: Facebook’s kiss of death

Nobody was surprised when Gowalla announced that it would be shutting down after selling to Facebook — after all, almost none of the services it has bought in the past five years have stayed alive. But is this sell up-shut down approach fair on users?