deals, acquisitions, Online Marketplace

Amazon Completes AbeBooks Acquisition

Gregory T. Huang 12/2/08

Seattle-based Amazon announced it has completed its acquisition of Victoria, BC-based AbeBooks, an online marketplace for used, rare, and out-of-print books. The deal was originally announced on August 1. With the purchase, Amazon (NASDAQ: AMZN) also owns 40 percent of LibraryThing, a literary social site based in Cambridge, MA, which competes with Seattle-based Shelfari, another recent Amazon acquisition.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.