Fenwick & West represented Quidsi, Inc., which operates Diapers.com, an online baby care specialty site, and Soap.com, an online site for everyday essentials, as special corporate counsel engaged to facilitate its recently announced acquisition by Amazon.com, Inc. (NASDAQ: AMZN). Amazon will acquire all of the outstanding shares of Quidsi for approximately $500 million in cash, as adjusted for the assumption of options and warrants, and also assume approximately $45 million in debt and similar obligations. The acquisition is subject to various closing conditions and is expected to close in December 2010.
More information about the transaction can be obtained from the Amazon.com website at Press Releases.
The Fenwick & West transaction team included corporate attorneys Gordy Davidson, Kris Withrow, Aaron Sokoloff and Ryan Slunaker,; executive compensation and employee benefits attorneys Scott Spector and John Ludlum; tax attorneys Adam Halpern and Zach Jones; and IP attorney Mike Farn.
Fenwick & West worked on this transaction in tandem with attorneys from the Palo Alto and New York offices of Dorsey & Whitney, Quidsi’s long-time corporate counsel.
About Fenwick & West
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by Bloomberg as one of the top 10 M&A legal advisors in the U.S., by Thomson Reuters as one of the Top 10 most active U.S. M&A legal advisors based on deals valued at up to $500 million and by Mergermarket as one of the top 3 M&A Advisors in North America—for the Technology, Media and Telecom industries.