Amazon.com (AMZN) Just Brought in 16M New Book Fans (AAPL) (GOOG)

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Amazon.com (AMZN) to Acquire Goodreads; Terms Undisclosed

March 28, 2013 4:02 PM EDT

Amazon.com, Inc. (Nasdaq: AMZN) announced that it has reached an agreement to acquire Goodreads, a leading site for readers and book recommendations that helps people find and share books they love.

Amazon and Goodreads share a passion for reinventing reading, said Russ Grandinetti, Amazon Vice President, Kindle Content. Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both Amazon and... More