Amazon acquires Audible.com

audible.jpg

Amazon today announced that it would be acquiring long time Apple partner Audible.com. This is another move in Amazon’s bid to become a dominant force in the realm of digital downloads. 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.

There is no official word yet on how this will affect iTunes, and if Audible content will remain in Apple’s online store.

No comments yet. Leave one below!

Speak Your Mind

*