Amazon Completes AbeBooks Acquisition
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.
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