In an interesting move by Amazon.com, they recently announced their agreement to acquire the popular audiobook provider Audible.com for $300MM.
To me, this makes sense in a way, as we have all come to associate the Amazon.com brand with books of paper kind, so why not extend the brand to include books in the audio format as well?
Moreover, Audible’s audiobook service will nicely compliment the contents of Amazon’s recently launched AmazonMP3 music download service (which competes with iTunes), as well as their audiobook capable Kindle e-book reader.
I guess this could be Amazon’s answer to Apple’s iTunes WiFi Music Store, which allows an iPhone or iPod Touch user to download songs using an iTunes interface with a WiFi connection. Similarly, the Audible service could allow owners of the WiFi enabled Kindle to download Audible books to listen on demand.
Here’s a portion of the press release:
“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.




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