All Posts Tagged Tag: ‘Quidsi’
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Amazon.com said today it has reached an agreement to acquire Quidsi, which operates Diapers.com and Soap.com.
Under the terms of the deal, which was approved by Quidsi’s stockholders, Amazon will purchase all outstanding shares of Quidsi for $500 million in cash, and also take on $45 million in debt. The acquisition is set to close next month.
"I’m not sure which is more unpleasant–changing diapers, paying too much for them, or running out of them," said Jeff Bezos, Founder and CEO of Amazon.com.