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Amazon Ties Up $500M Diapers.com Deal After FTC OK

Law360 (March 25, 2011, 2:58 PM EDT) -- The Federal Trade Commission on Wednesday signed off on Amazon.com Inc.'s $500 million purchase of Quidsi Inc., the parent company for Diapers.com and Soap.com, closing an investigation into whether the deal would violate antitrust laws.

“Upon further review of this matter, it now appears that no further action is warranted by the commission at this time,” FTC Secretary Donald Clark wrote in letters to the companies' attorneys.

The Internet retail giant had announced in November that it planned to purchase Quidsi in a bid to increase...
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