Its an aquisiton kind of day
Friday, February 1st, 2008This was on Apple insider yesterday
AppleInsider | Amazon to acquire Audible for $300 million
In a bid to bolster its status as a premier distributor of digital content, online mega-retailer Amazon.com said Thursday it has reached an agreement to acquire spoken content provider and Apple iTunes partner Audible.com.Related AppleInsider articles:
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* iTunes passes Amazon to become third largest…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, or a 23 percent premium from their closing price of $9.33 on Wednesday.
