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    Thursday, January 31, 2008

    Amazon.com Buys Audible


    Seattle-based Amazon.com said this morning that it is in an agreement to acquire Audible, Inc., a publisher of audio books, in a $300M deal. Amazon said it will pay $11.50 per share in cash for Audible.com, which creates audio versions of books, newspapers, magazines, and other media. According to Amazon, the deal is subject to regulatory approval and is expected to close in the second quarter of 2008.
    posted on Thursday, January 31, 2008


    Related companies:
    Amazon.com

    Related stories:
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    > Amazon.com Debuts MP3 Download Store
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