Amazon announcing plans for a major expansion.

FOX's Lilian Woo reports:

The online retail giant Amazon ready to go on a shopping spree of its own, announcing plans for a second headquarters in North America which could cost more than $5 billion and house as many as 50,000 employees.

CEO Jeff Beyzos in a statement saying the new space will be a full equal of its current home in Seattle. No decision yet on where Amazon might set down roots next, but there is a wishlist. Some of the things on the list: that it be near a metropolitan area with more than a million people, be able to attract top technical talent, have direct access to mass transit and eventually be expandable to eight million square feet.

The company is inviting proposals.

Lilian Woo, FOX News.

Follow Lilian Woo on Twitter: @LilianNY