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.
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