Amazon, Overstock Win Lucrative E-Commerce Portal Contracts
- GSA awards e-commerce deals to streamline acquisition process
- Critics said program seemed made for market leader Amazon
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Amazon.com Inc., Overstock.com Inc., and Fisher Scientific Inc. have won highly lucrative U.S. government e-commerce contracts, giving them the power to control how vendors sell billions of dollars in goods to federal agencies.
The General Services Administration announced on Friday that it had chosen the companies to develop portals to sell products such as office supplies to federal agencies, opening up a new multi million-dollar revenue stream for the firms.