Amazon To Buy Audible

Posted: Jan 31 2008, 7:16am CST | by , Updated: Aug 11 2010, 5:56am CDT, in News | Other Stuff

 

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Amazon announced that it will buy Audible.com. Audible is the leading online provider of audio books and other spoken word audio content that is played back via computers and other electronic devices.

"This deal brings together two pioneering companies that share a long history of ceaseless focus on improving the customer experience," said Donald Katz, founder and chief executive of Audible.com. "We are very excited to be joining a company as innovative as Amazon.com."

Amazon is offering a cash offer for outstanding shares of Audible.com at $11.50 per share. The approximate value of the transaction is $300 million. The purchases is still subject to regulatory approvals but is expected to be complete in Q2 2008.

Via Audible.com

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Tech and Car expert Shane McGlaun (Google) reports about what's new in these two sectors. His extensive experience in testing cars, computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
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