Thursday, February 2, 2012

TeachStreet Acquired By Amazon

Seattle-based TeachStreet, the online marketplace for students and teachers headed by Dave Schappell, has been acquired by Amazon.com, the company said Thursday. According to TeachStreet, the firm will become part of AmazonLocal, Amazon's daily deal business. As part of the acquisition, TeachStreet will be shutting down its services. TeachStreet had debuted in April of 2008, and had raised funding from Madrona Ventures and Bezos Expeditions, along with many local angels. Financial terms of the buy were not disclosed.