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Old 01-31-2008, 08:22 AM   #1 (permalink)
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Amazon buys audiobook vendor Audible

Filed under: iTS
The tie between spoken-books merchant Audible and iTunes has always been strong. Audible's catalog forms the backbone of iTunes' audio book offerings, and there's a history of Audible offering iTunes-exclusive content. So it came as a surprise to me when Amazon bought Audible for $300 million, announced today. I'd imagine that the deal includes provisions for Apple's existing contracts, but I'm curious as to how this will affect future negotiations. The Amazon/Audible deal is projected to close in the 2nd quarter of this year.

We've covered Amazon's entry into DRM-free music sales previously on TUAW.



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