Amazon Acquires Goodreads With No Deal Terms Disclosed Yet

Posted on Mar 29 2013 - 2:01am by Editorial Staff

Amazon today announced that it has acquired the social book site Goodreads although no Terms of the deal yet disclosed but it is a huge win for Goodreads, which was founded some seven years ago in the founder’s living room. CEO and co-founder Otis Chandler promised that the service would continue on even after its being acquired by Amazon.

“Amazon and Goodreads share a passion for reinventing reading,” Russ Grandinetti, Amazon Vice President, Kindle Content, said in a statement. “Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike.”

Otis Chandler also shared three reasons sharing why he is happy with the deal:

  • With the reach and resources of Amazon, Goodreads can introduce more readers to our vibrant community of book lovers and create an even better experience for our members.
  • Our members have been asking us to bring the Goodreads experience to an e-reader for a long time. Now we’re looking forward to bringing Goodreads to the most popular e-reader in the world, Kindle, and further reinventing what reading can be.
  • Amazon supports us continuing to grow our vision as an independent entity, under the Goodreads brand and with our unique culture.
About the Author

Editorial Staff at I2Mag is a team of subject experts.