News

Amazon buys AbeBooks

Amazon is buying rare and out of print books specialist AbeBooks for an undisclosed sum. The takeover, which is subject to regulatory approvals, is expected to be completed during the fourth quarter of 2008.

AbeBooks' website has been trading since 1996 and has 13,500 bookseller members, who pay a monthly subscription fee to list their books. The website features more than 110 million used, rare and out of print books for sale from thousands of indies across the world.

Russell Grandinetti, vice president of books for Amazon.com, said that the acquisition would add "breadth and expanded selection" to the company's customers. "AbeBooks provides a wide range of services to both sellers and customers, and we look forward to working with them to further grow their business. We're excited to present all of our customers with the widest selection of books available any place on Earth."

Hannes Blum, AbeBooks' chief executive, said he was "very excited" about the acquisition. "This deal brings together book sellers and book lovers from around the world, and offers both types of customers a great experience," he said.

AbeBooks will continue to be based in Victoria, British Columbia. The takeover is the third major acquisition Amazon has made this year. It took over digital book download site Audible for $300m in March and also bought online fabric store Fabric.com in June.

AbeBooks will continue to maintain all of its websites as part of the takeover.

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My only surprise is that this deal has taken 7 years to complete.

Groan - yet another company to add to the list of those to boycott !

"13,500 bookseller members"

Errr - on the abe site it's 12960 including test sites

Well I for one will drink a celebratory drink to the continuing rise of AMAZON...for they are doing on the internet what Tesco have so far failed to do.....provide a world wide base for me to buy anything, and deliver it often at no charge to my front door. Now that is what I call service!

Any increase in the monopoly position of such a large company is never good. And as for the delights of home delivery, I wouldn't know, I'm always at work when they want to deliver, or stuck in the massive queue of delivery vans which are now clogging up our motorways! Another sad day!

A further reduction in consumer choice. All the small, independent and really helpful shops are being put out of business. Tesco and Amazon are doing to the High Street what acid rain has done to the plants in countries down wind of us.

My only surprise is that this deal has taken 7 years to complete.

Groan - yet another company to add to the list of those to boycott !

"13,500 bookseller members"

Errr - on the abe site it's 12960 including test sites

Well I for one will drink a celebratory drink to the continuing rise of AMAZON...for they are doing on the internet what Tesco have so far failed to do.....provide a world wide base for me to buy anything, and deliver it often at no charge to my front door. Now that is what I call service!

Any increase in the monopoly position of such a large company is never good. And as for the delights of home delivery, I wouldn't know, I'm always at work when they want to deliver, or stuck in the massive queue of delivery vans which are now clogging up our motorways! Another sad day!

A further reduction in consumer choice. All the small, independent and really helpful shops are being put out of business. Tesco and Amazon are doing to the High Street what acid rain has done to the plants in countries down wind of us.