Lexcycle Bought by Amazon

Amazon has acquired Lexcycle, an e-reader startup based in Portland, OR, and Austin, TX. Financial terms were not given. Lexcycle makes Stanza, an online bookstore application for desktops and iPhones. The news was first reported by the New York Times, which says the move is part of Amazon’s effort to solidify its position on mobile devices.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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