Amazon To Acquire AbeBooks
Originally uploaded by techvibes
Amazon To Acquire AbeBooks, And With It A Stake In LibraryThing(August 1, 2008 TechCrunch)
Amazon has acquired twelve year old Canadian company Abebooks (formerly the Advanced Book Exchange), the companies just announced. AbeBooks is an online marketplace for books focusing on used, rare and out of print titles for sale by independent booksellers – it currently has 110 million books for sale from 13,500 sellers.
The company has been around since 1996 and fills a niche for Amazon in hard-to-find or out-of-print books. Rather than hold its own inventory, it acts as a digital marketplace for established booksellers.
Amazon comes to be able to cover even the field the niche by this purchase.
It is sure to become convenient for the user.
