Amazon, Toys R Us Settle Legal Dispute
June 13, 2009 by Mark Ellis
Filed under Business
Although they were once business partners, Amazon and Toys R Us have been in the middle of a heated legal battle that finally ended today when Amazon agreed to pay Toys R Us $51 million as a settlement. The transaction will occur in a couple of months and then any traces of the conflict will essentially disappear, according to Amazon.
Amazon and toysrus.com, a division of Toys R Us, drafted an agreement in 2000 that gave Toys R Us exclusive rights to move some of their products through Amazon. The partnership should have been extremely beneficial for both parties, but in …read more
