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Amazon intends to purchase

by on01 February 2008

Allows expansion into audiobook downloads

Amazon has announced that it will be purchasing the audiobook download provider, The deal is an excellent compliment for Amazon who is just getting its MP3 music store off the ground. The purchase of is going to cost Amazon about $300 million, and they don’t expect the deal to close until sometime in the second quarter of 2008.

The deal could see end its deal with Apple’s iTunes music store, which has offered content since 2003. No word yet on whether or not Amazon will integrate into its MP3 music downloads service.

Last modified on 01 February 2008
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