Feeds

Amazon turns up volume, buys Audible

Ear ear

Top 5 reasons to deploy VMware with Tegile

Amazon.com said today that it has agreed to buy digital spoken word audio provider Audible Inc for $11.50 a share.

The online retailer valued the transaction at about $300m which includes Audible's cash and short-term investments.

Under the deal, Amazon said it will start a cash tender offer to buy all of Audible's remaining shares.

New Jersey-based Audible sells around 80,000 programs that include audiobooks from the likes of Stephen King and Jane Austen.

The firm, which was founded in 1997, also has operations in the UK, Germany and France. The deal is expected to be completed in the second quarter of this year, subject to the normal regulatory requirements.

Amazon has been increasingly sniffing around the so-called digital content market.

In November it released its Kindle e-book reader which plays audiobooks and before that it launched a new DRM-free music store – Amazon MP3 – to rival Apple's iTunes.

Amazon's press release is here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.