Amazon to Acquire Audible.com
Amazon has announced this morning that it will purchase all the outstanding shares of Audible.com, in a $300 million deal that will give Amazon access to Audible’s library of 80,000 titles, including audiobooks, periodicals, as well as some radio and TV programs. There’s more coverage here.
This is Amazon’s latest move to acquire audio content, most likely part of a strategy to increase content on the Kindle. The Kindle is capable of playing Audible’s proprietary file system. Audble has been the exclusive provider of audiobook content to the iTunes Music Store for the past several years.
Disclosure: I’ve been a shareholder of Audible.com since the IPO. I narrate audio content for Audible, including The New Yorker and Harvard Business Review.
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Keep up the good work,
Matt in Montreal
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