spot_img

Amazon to Acquire Goodreads

Goodreads, home to nearly 20-million readers, has announced they will become part of Amazon the worlds largest bookstore/publisher/online retailer. Amazon issued a press release today with the announcement.

From Amazon:

Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquire Goodreads, a leading site for readers and book recommendations that helps people find and share books they love.

“Amazon and Goodreads share a passion for reinventing reading,” said Russ Grandinetti, Amazon Vice President, Kindle Content. “Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike.”

“Books – and the stories and ideas captured inside them – are part of our social fabric,” said Otis Chandler, Goodreads CEO and co-founder. “People love to talk about ideas and share their passion for the stories they read. I’m incredibly excited about the opportunity to partner with Amazon and Kindle. We’re now going to be able to move faster in bringing the Goodreads experience to millions of readers around the world. We’re looking forward to inspiring greater literary discussion and helping more readers find great books, whether they read in print or digitally.”

“I just found out my two favorite people are getting married,” said Hugh Howey, best-selling author of WOOL. “The best place to discuss books is joining up with the best place to buy books – To Be Read piles everywhere must be groaning in anticipation.”

Following the acquisition, Goodreads’s headquarters will remain in San Francisco, CA. Founded in 2007, Goodreads now has more than 16 million members and there are more than 30,000 books clubs on the Goodreads site. Over just the past 90 days, Goodreads members have added more than four books per second to the “want to read” shelves on Goodreads.

Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2013.

 

Similar Articles

Comments

FOLLOW US

2,023FansLike
3,110FollowersFollow
10,500SubscribersSubscribe

Recent Book Trailers

Instagram

Advertismentspot_img

Don't Miss

True History Inspiring Fiction by Alan Hlad

0
I’ve always been intrigued by World War II mysteries. Churchill’s Secret Messenger was inspired by the valiant women of Winston Churchill’s Secret Army, and a...

SNEAK PEEK: THE FALLING GIRLS BY HAYLEY KRISCHER

0
THE FALLING GIRLS BY HAYLEY KRISCHER Shade and Jadis are everything to each other. They share clothes, toothbrushes, and even matching stick-and-poke tattoos. So...

BANNED BOOKS WEEK

0
During Banned Books Week (Sept. 26 – Oct. 2, 2021), libraries, their users and readers everywhere are invited to celebrate and exercise their freedom...

SNEAK PEEK: THE COMMODORE’S GIFT BY MANDY EVE BARNETT

0
THE COMMODORE’S GIFT BY MANDY EVE BARNETT Fighting against society’s feminine expectations, Owena’s excellent strategic and swordsmanship skills come to the fore after an attack...

Hobbit Day and Tolkien Week Sept 19 – 25, 2021

0
Did you know there was a Hobbit Day and Tolkien Week? Are you a rabid fan of all things J.R.R. Tolkien? The American Tolkien...

New Release: SANTA’S SWEETHEART BY JANET DAILEY

0
SANTA'S SWEETHEART BY JANET DAILEY The delightful and entertaining new holiday novel from the legendary author of dozens of treasured romances! This Christmas, visit the...

SNEAK PEEK: The Secret Keepers of Old Depot Grocery by Amanda Cox

0
A Sneak Peek of The Secret Keepers of Old Depot Grocery by Amanda Cox AND a Look Behind The Words with the Author. Present Day. Sarah...

Buffy Summers Makes Her Final Stand in THE LAST VAMPIRE SLAYER

0
(BOOM! Press Release) Discover the Fate of the Iconic Slayer in a Shocking New Post-Apocalyptic Future in December 2021 BOOM! Studios, in collaboration with 20th Television,...

ZONDERKIDZ ANNOUNCES NEW PODCAST

0
The Jesus Storybook Bible Podcast premieres September 23 with guests Amy Grant and Bishop Michael Curry Zonderkidz is pleased to announce that New York Times bestselling author Sally...

PODCAST::: Choose Me with NYT Best Seller Tess Gerritsen & Gary Braver on Book...

0
Choose Me with NYT Best Seller Tess Gerritsen & Gary Braver on Book Lights LISTEN HERE! Internationally bestselling author Tess Gerritsen took an unusual route to...