Tuesday, November 9, 2010

$500 million for Diaper and Soap

How much you can spend on a diaper and a soap ??

Jeff Bezos CEO of Amazon spend half a billion for that. Confused ??

Amazon acquires Diaper.com, Soap.com for $500 million. got this article delivered in my inbox from ZDnet.com and what I like most in that is the statement of Bezos

I’m not sure which is more unpleasant–changing diapers, paying too much for them, or running out of them

Amazon on Monday officially acquired Quidsi, the company that operates Diaper.com and Soap.com for $500 million in cash. Amazon also assumes $45 million in Quidsi debt.

According to Amazon, Quidsi will continue to be and independent venture run by its current management team. That blueprint was established when Amazon bought Zappos. The Quidsi deal is expected to close in December.