Confirmed: Amazon Spends $545 Million On Diapers.com Parent Quidsi
November 08, 2010 at 09:04 AM EST
Amazon.com has just announced that it has reached an agreement to acquire Quidsi , which operates ecommerce sites Diapers.com , Soap.com and BeautyBar.com . The acquisition news first broke over the weekend by Fortune's Dan Primack , who pegged the purchase price at $540 million . Primack wasn't that far off - Amazon says it will acquire all of the outstanding shares of Quidsi for approximately $500 million in cash. The ecommerce juggernaut will also assume approximately $45 million in debt and similar obligations.