diTii.com Digital News Hub

Sign up with your email address to be the first to know about latest news and more.

I agree to have my personal information transfered to MailChimp (more information)


Amazon to acquire Audible for $300 Million

Amazon.com said Thursday that it reached an agreement to buy Audible, a provider of digital audiobooks, for $11.50 a share, in a deal that bolsters the online retailer’s offerings of audio downloads.

Amazon values the transaction at about $300 million, including Audible’s cash and short-term investments.

Audible’s over 80,000 programs, including audiobooks from authors such as Stephen King and Jane Austen, may complement Amazon’s growing digital music store that offers songs without copy-protection technology known as digital rights management. Amazon MP3, launched in September 2007, now includes more than 3.3 million songs.

Full Article

Amazon, Audible, Deal, Buy, Acquisition, Corporate News

Share This Story, Choose Your Platform!