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 July 5th

Fri,6:36 PM
iCloud Music Library and DRM: Now with Slightly Less Disaster
9:38 AM
Apple Music - Or Some Streaming Service - Needs To Steal Discovery From Napster
8:00 AM
Happy U.S. Independence Day
1:38 AM
Apple Posts San Francisco Pride 2015 Video
Thu,8:51 PM
Mpow 3-Port Intelligent Car Charger: $13.99
8:44 PM
Apple Loses iBooks Antitrust Appeal in Split Decision
5:00 PM
Apple Earns a Black Eye for Apple Music
3:04 PM
Apple’s New Design Bosses Report to Tim Cook, not Jony Ive
2:01 PM
3 Great iPhone Cables for Travel
1:39 PM
TMO Daily Observations 2015-07-02: Coping with iCloud Music Library’s Problems
10:58 AM
iTunes 12.2 and iCloud Music Library: A Disaster for Your Music Collection
8:59 AM
How To Add Nickname, Photo to Apple Music Profile
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!