Tags: US | Amazon | Quidsi

Amazon to Buy Diapers.com Owner Quidsi for $500M

Monday, 08 Nov 2010 10:29 AM

Amazon.com says it is buying Quidsi, the owner of Diapers.com and Soap.com, for $500 million in cash in a move to expand its online retail empire.

Amazon.com Inc. said Monday that Quidsi will continue to operate independently after the acquisition.

Amazon says it will also assume about $45 million in debt and other obligations as part of the deal. The acquisition is expected to close in December.

Amazon, based in Seattle, bought popular online shoe retailer Zappos.com, for $850 million last year.

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Amazon.com says it is buying Quidsi, the owner of Diapers.com and Soap.com, for $500 million in cash in a move to expand its online retail empire.Amazon.com Inc. said Monday that Quidsi will continue to operate independently after the acquisition.Amazon says it will also...
US,Amazon,Quidsi
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2010-29-08
Monday, 08 Nov 2010 10:29 AM
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