Amazon.com, Inc (NASDAQ:AMZN) Gets Full Marks For Acquiring TenMarks
Amazon.com, Inc (NASDAQ:AMZN) announced the TenMarks acquisition. The latter is a web-based mathematics company. Thousands of students in various districts and schools use their online system to enhance their math skills. The company has not disclosed the actual terms of the deal.
Dave Limp, the Vice-President at Amazon.com, Inc (NASDAQ:AMZN) said that their company and TenMarks share a passion for student-learning. The math company has numerous award winning math programs that tens of thousands of students from various schools, use on a regular basis. He said that Amazon.com, Inc (NASDAQ:AMZN) connects with millions of students across the globe via their Kindle ecosystem.
Cohesive work plan
Limp said that together, the two companies intend to create some valuable educational applications and content across numerous platforms. They feel that students, teachers and parents will really like these programs. TenMarks is involved in creating customized online-math instruction in very easy formats for students in the K-12 levels and it has video lessons, hints as well as real-time results.
In Thursday’s trading, Amazon.com, Inc (NASDAQ:AMZN) rose by 2.33%. The opening price of the shares was $304.63, which climbed to an intraday high of $306.70 and dipped to a close of $305.17. Approximately 3.62 million shares were traded on Thursday while an average volume of 2.19 million shares were traded over a 30 day period. The 52-week low of Amazon.com, Inc (NASDAQ:AMZN) shares is $218.18 and its 52-week high is $322.92. The company has a market capitalization of $139.43 billion.
About the company
Amazon.com, Inc (NASDAQ:AMZN) serves consumers via its different retail websites and focuses on price, price, and convenience. It is also involved in the manufacture and sale of Kindle devices. Amazon.com, Inc (NASDAQ:AMZN) offers programs that allow numerous sellers to sell all their products on the company’s websites as well as on their own branded-websites and they can also fulfill orders via the sites.