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BREAKING NEWS: Amazon Buys Goodreads

Written By Unknown on Thursday, March 28, 2013 | 4:04 PM

March 28, 2013
NEW YORK -- Amazon.com Inc., the world's biggest online retailer that got its start in bookselling, has agreed to buy book recommendations site Goodreads.

Financial terms of the deal were not disclosed. Amazon said Thursday that it "shares a passion for reinventing reading," with Goodreads.

"Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world," said Russ Grandinetti, vice president of Kindle content for Amazon.

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