Amazon Adds In $500M Deal

Law360, New York (November 8, 2010, 2:24 PM EST) -- Internet retail giant Inc. announced Monday that it had reached an agreement to purchase Quidsi Inc., the parent company for and, for $500 million in a bid to increase its presence in the market for everyday household items.

Amazon said it would also take on $45 million of Quidsi's debt and other obligations.

"I'm not sure which is more unpleasant — changing diapers, paying too much for them, or running out of them," Founder and CEO Jeff Bezos said. "This acquisition brings...
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