Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Amazon.com to acquire Audible.com
Posted on 1-Feb-2008 08:58. | Tags Filed under: News.



Amazon.com, Inc. has reached an agreement to acquire Audible Inc. Audible.com provides premium digital spoken word audio content, specializing in digital audio editions of books, newspapers and magazines, television and radio programs and original programming.

Through its web sites in the US and UK and alliances in Germany and France, Audible.com offers over 80,000 programs, including audiobooks from well-known authors such as Stephen King, Thomas Friedman, and Jane Austen, and spoken word audio content from sources including The New York Times, The New Yorker, Fresh Air and Charlie Rose.

“Audible.com offers the best customer experience, the widest content selection and the broadest device compatibility in the industry,” said Steve Kessel, Amazon.com’s senior vice president for worldwide digital media. “Working together, we can introduce more innovations and bring this format to an even wider audience.”

“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.”

In recent months, Amazon has announced a number of innovations in the digital space, including Amazon Kindle, a revolutionary wireless portable reader that provides instant wireless downloads of more than 90,000 books, blogs, magazines and newspapers to a crisp, high-resolution electronic paper display.

Under the terms of the agreement, Amazon.com will commence a cash tender offer to purchase all of the outstanding shares of Audible.com for $11.50 per share and will assume Audible.com’s outstanding stock-based awards, for an aggregate transaction value of approximately $300 million which includes Audible.com’s cash and short-term investments at closing.

The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close by the second quarter of 2008.




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

The President Of The USA: Donald Trump
Created by TimA, last reply by tdgeek on 18-Jan-2017 07:57 (1724 replies)
Pages... 113 114 115


New Unlimited Fixed Broadband
Created by LivingSkinny, last reply by dickytim on 18-Jan-2017 06:24 (48 replies)
Pages... 2 3 4


Sony TV switching TV from sky to freeview
Created by chunkybeats, last reply by dolsen on 17-Jan-2017 15:06 (16 replies)
Pages... 2


How do people feel about lawyers?
Created by Rikkitic, last reply by MikeAqua on 17-Jan-2017 09:35 (48 replies)
Pages... 2 3 4


New fibre install and SunGenie power supply
Created by littleheaven, last reply by littleheaven on 16-Jan-2017 22:41 (14 replies)

Mountain Bike Recommendation
Created by networkn, last reply by joker97 on 15-Jan-2017 22:14 (14 replies)

BP Ultimate Petrol (98) prices
Created by Satch, last reply by NzBeagle on 18-Jan-2017 07:28 (25 replies)
Pages... 2


Making a complaint to a retailer and processes.
Created by mattwnz, last reply by Aredwood on 18-Jan-2017 02:51 (22 replies)
Pages... 2