Etoys Direct and BabyUniverse Finally Merge

In a deal that’s taken almost nine months from conception, eToys Direct and BabyUniverse have finally completed a $276 million merger. BabyUniverse shareholders approved the transaction on Oct. 12. The merger had been previously approved by eToys Direct shareholders, including its largest stakeholders: members of the D.E. Shaw group of companies.

Under the terms of the merger, which was previously announced on March 13, the holders of eToys Direct common stock now own approximately two-thirds of the new company and BabyUniverse shareholders own about a third.

The new entity, named The Parent Co., will be located in Denver, CO, though this is subject to shareholder approval. Common stock in the combined company will trade under the current BabyUniverse ticker until the name change. The Parent Co. will trade under the Nasdaq ticker KIDS.

“The combination of BabyUniverse’s expertise in managing and growing e-content-based businesses and eToys Direct’s proficiency in high-volume fulfillment, inventory management, and top-quality customer service, creates a strong platform to drive sustainable growth in shareholder value,” said CEO Michael J. Wagner in a statement.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.