- 08Nov
(Reuters) - Amazon.com (AMZN.O) said on Monday it plans to acquire the owner of online shopping sites Diapers.com and Soap.com for $500 million.
The deal has been approved by shareholders of the smaller company, Quidsi Inc, which will continue to operate independently under its current leadership team.
In addition to buying Quidsi shares for $500 million in cash, Amazon will assume about $45 million in debt and smaller obligations.
Quidsi owns Diapers.com, an online shopping site dedicated to baby care products, Soap.com, which sells everyday essentials, and recently launched BeautyBar.com, a beauty products site.
The deal is expected to close in December.
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