The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Amazon.com to Buy Audible.com for $300M

Amazon.com to Buy Audible.com for $300M

by , 10:40 AM EST, January 31st, 2008

Online retailer Amazon.com announced on Thursday plans to acquire Audible.com for about US$300 million. The deal will make Amazon.com the largest distributor of spoken word audio content on the Web.


Audible.com

The two companies agreed to a deal where Amazon.com will purchase Audible.com's outstanding shares for $11.50 per share and will assume the company's outstanding stock-based awards. The transaction is expected to be completed by the end of the second quarter of 2008.

Amazon.com has not stated if there are plans to add Audible.com support to its Kindle ebook reader, or if there will be any changes to Audible.com's distribution deal through Apple's iTunes Store.

Recent Headlines - Updated April 19th

Fri,5:54 PM
Canadian Bankers Balk at ‘Onerous’ Apple Pay Terms
5:52 PM
How To Enable Stealth Mode in Yosemite
4:36 PM
Ben & Jerry’s Spoofs Apple’s ‘1984’ Commercial to Promote BRRR-ito
4:25 PM
Understand What Apple is Achieving or Get Left Behind
4:10 PM
MiFi 2 Unlocked Global Hotspot: $99
1:22 PM
TMO Daily Observations 2015-04-17: Don’t Hold Your Breath for In-store Apple Watch Sales
10:45 AM
Apple PR Veteran Steve Dowling Promoted to VP
9:37 AM
Apple Watch Training Workshops Coming to Apple Stores April 24
8:55 AM
OS X Yosemite Photos: Showing Your Recently Deleted Items
Thu,9:10 PM
Scott Forstall Advising Snapchat, Earning 0.11% of Company
7:36 PM
USB ChargeDoubler Mini Charging Cable Seeks Funding
7:29 PM
StuffIt Deluxe 16 Instant File Compressor for Mac: $19.99
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!