Walgreens announced that it will acquire Drugstore.com, a popular online retailer for a reported $409 million, according to TechCrunch.
Walgreens will also obtain other websites operated by Drugstore.com, including Beauty.com and SkinStore.com. The drugstore said it will maintain separate branding for each website.
Drugstore.com, which was founded in 1998, operates out of Bellevue, Washington, with more than 1,000 employees. Walgreens has promised it will maintain the corporate office after the merger. Drugstore.com registered more than $456 million in sales in 2010.
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