Amazon buying into nappy business

first_img whatsapp Show Comments ▼ KCS-content Amazon buying into nappy business whatsapp Sunday 7 November 2010 8:22 pm Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm AMAZON.COM is expected to buy the parent company of Diapers.com for $540m (£333.5m) to $545m, according to media reports.The deal is set to be announced today, according to a report on Fortune magazine’s website over the weekend.The acquisition comes as Amazon has stepped up its efforts to boost its babycare products business.In September, Amazon launched its Amazon Mom program, offering perks like three-months of free two-day shipping. Amazon also offered a 30 per cent discount on diapers and wipes to consumers who signed up for its Subscribe & Save programme for consumable items.Diapers.com, which launched in 2005, is owned by New Jersey-based Quidsi, which also owns Soap.com, and is backed by venture capital firms Accel Partners, Bessemer Venture Partners and New Enterprise Associates, among others.Amazon and Quidsi did not return emails for comment.Amazon, the world’s largest online retailer, has been expanding product lines as it tries to get more of its shoppers to sign up for subscription programs, which the company says fosters loyalty to the site.In 2009, Amazon acquired online shoe retailer Zappos.com for roughly $1.1 billion.A separate report in the Wall Street Journal on Sunday said that Amazon will pay $500 million in cash and $45 million in debt and other liabilities for Quidsi, whose management will remain with Amazon. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more