Business News

Amazon.com Completes Acquisition of Audible

Wednesday 19. March 2008 - Amazon.com, Inc. (NASDAQ:AMZN) today announced the completion of its acquisition of Audible, Inc. (NASDAQ:ADBL).

Audible is the leading provider of spoken audio information and entertainment on the Internet. Through its websites in the US and UK and alliances in Germany and France, Audible offers over 80,000 programs, including audiobooks and other spoken word content from more than 520 content partners that include leading audiobook publishers, broadcasters, entertainers, magazine and newspaper publishers, and business information providers. Content from Audible is downloaded and played back on personal computers, CDs, or AudibleReady computer-based and wireless mobile devices.

Upon the closing of the acquisition, 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 $11.50 per share in cash. As a result of the transaction, Audible has become a wholly-owned subsidiary of Amazon.com.