Amazon: Feds OK Diapers.com Deal
Amazon.com (NASDAQ: AMZN) said Thursday that government regulators have approved its purchase of New Jersey-based Quidsi, the parent company of Diapers.com and other online retail brands. Amazon announced last November that it would purchase Quidsi for $500 million in cash, along with assuming about $45 million in debt. The companies said at the time that Quidsi would continue operating under its own management team. Thursday’s regulatory filing, first reported over at TechFlash, says Amazon expects the deal to close around the first of April.