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Industry: Email Alert RSS FeedAmazon.com completes Audible acquisition
M2 Best Books, March 20, 2008
M2 BEST BOOKS-(C)2000-2008 M2 COMMUNICATIONS LTD
Online retailer Amazon.com Inc (Nasdaq:AMZN) has confirmed it has completed the acquisition of Audible Inc (Nasdaq:ADBL), a provider of spoken audio information and entertainment on the Internet.
Audible offers more than 80,000 programs, including audiobooks and other spoken word content from over 520 content partners, including audiobook publishers, broadcasters, entertainers, business information providers and magazine and newspaper publishers, through its UK and US websites and alliances in France and Germany.
According to Amazon.com, Audible content is downloaded and played back on personal computers, CDs or AudibleReady computer-based and wireless mobile devices.
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Amazon.com said all remaining outstanding Audible shares, other than those held by stockholders who properly perfect appraisal rights under Delaware law, were converted into the right to receive USD11.50 per share in cash, upon closing of the transaction. Audible has become a wholly-owned subsidiary of Amazon.com as a result of the transaction.
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