Amazon to Acquire Audible.com
2008 January 31
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.
Thanks Todd! I just received a kindle for Christmas (actually it came late, but that’s another story). I am keenly interested in seeing how this technology evolves. Already, I’ve enjoyed curling up in my favorite reading spot with the device. Thanks for the tip! JT
Thanks Todd! I just received a kindle for Christmas (actually it came late, but that’s another story). I am keenly interested in seeing how this technology evolves. Already, I’ve enjoyed curling up in my favorite reading spot with the device. Thanks for the tip! JT
I subscribe to the New Yorker comment podcast and I have to say your narrations are clearly the best!
Keep up the good work,
Matt in Montreal
I subscribe to the New Yorker comment podcast and I have to say your narrations are clearly the best!
Keep up the good work,
Matt in Montreal