Amazon wins approval to buy Diapers.com parent Quidsi Inc. |
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Amazon wins approval to buy Diapers.com parent Quidsi Inc.
Amazon.com has received regulatory approval to buy Quidsi Inc., which owns Diapers.com.
According to a filing with the U.S. Securities Exchange Commission, the deal is expected to close around April 1.
The deal gives the Seattle ecommerce giant an outlet to sell household items like diapers, detergents and beauty aids and compete with big box retailers like Wal-Mart and Target.
In November Amazon said it was planning to acquire Diapers.com parent Quidsi.
As was previously announced, Amazon will acquire all of the outstanding shares of Quidsi for $500 million in cash and $45 million in debt.
Quidsi also owns the websites Soap.com and BeautyBar.com. Amazon has had its eye on Quidsi for a while, and the company also had a buyout offer from discount chain Wal-Mart.
The Quidsi deal is another big acquisition for Amazon, which in 2009 bought online shoe retailer Zappos for $1.2 billion.
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