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Amazon.com Acquires AbeBooks

Posted by David in December 2nd 2008

Amazon.com, Inc. (NASDAQ:AMZN) today announced the completion of its acquisition of AbeBooks. AbeBooks is an online marketplace for books, with over 110 million primarily used, rare and out-of-print books listed for sale by thousands of independent booksellers from around the world. Amazon.com previously announced that it had reached an agreement to acquire AbeBooks on Aug. 1, 2008.

AbeBooks will continue to function as a stand-alone operation based in Victoria, British Columbia. AbeBooks will maintain all its Web sites, including its Canadian Web site. The Web sites will continue to have country-specific content, such as reviews of Canadian-authored books and interviews of Canadian writers.

About AbeBooks

AbeBooks is an online marketplace for books, with over 110 million primarily used, rare and out-of-print books listed for sale by thousands of independent booksellers from around the world. AbeBooks has millions of customers who purchase tens of thousands of books a day from its global websites (Abebooks.com, Abebooks.ca, Abebooks.co.uk, Abebooks.de, Abebooks.fr, Abebooks.it and Iberlibro.com). A true internet success story, AbeBooks.com has been selling books online since 1996, and is a private company based in Victoria, BC Canada, with affiliates in Germany and the United States. Internet Retailer magazine ranked AbeBooks at No. 73 among North American online retailers in June 2008.