Amazon.com to Acquire Goodreads

SEATTLE--(BUSINESS WIRE)--Mar. 28, 2013-- Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquire Goodreads, a leading site for readers and book recommendations that helps people find and share books they love.

“Amazon and Goodreads share a passion for reinventing reading,” said Russ Grandinetti, Amazon Vice President, Kindle Content. “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.”

“Books – and the stories and ideas captured inside them – are part of our social fabric,” said Otis Chandler, Goodreads CEO and co-founder. “People love to talk about ideas and share their passion for the stories they read. I’m incredibly excited about the opportunity to partner with Amazon and Kindle. We’re now going to be able to move faster in bringing the Goodreads experience to millions of readers around the world. We’re looking forward to inspiring greater literary discussion and helping more readers find great books, whether they read in print or digitally.”

“I just found out my two favorite people are getting married,” said Hugh Howey, best-selling author of WOOL. “The best place to discuss books is joining up with the best place to buy books – To Be Read piles everywhere must be groaning in anticipation.”

Following the acquisition, Goodreads’s headquarters will remain in San Francisco, CA. Founded in 2007, Goodreads now has more than 16 million members and there are more than 30,000 books clubs on the Goodreads site. Over just the past 90 days, Goodreads members have added more than four books per second to the “want to read” shelves on Goodreads.

Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2013.

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Many Dislike The Amazon Takeover of Goodreads

I found the list of comments on the Goodreads site quite interesting. So many members are disenchanted or plan to quit Goodreads because of their acquisition by Amazon (myself included).

Comments here: http://www.goodreads.com/blog/show/413-exciting-news-about-goodreads-we-re-joining-the-amazo...

Moving

So what site are you considering moving to? Amazon owns Shelfari in whole or part don't they?

good question

Amazon does own Shelfari and apparently also a percentage of Library Thing. I read somewhere that they're trying to get their name into the Pledge of Allegiance too...

Goodreads??

So I was looking at the discussion thread at Goodreads and several people were fretting that now Goodreads would only deal with Kindle books. I do not use Goodreads so I do not understand how they work. Do they sell ebooks? Do the do reviews of books? Currently are the reviews for ebooks only or for both paper and ebooks?

Noticed that one of the comments mentioned IMDB. Amazon owns them and hasn't really done anything to change them. They also own Abebooks and that site has been left alone to compete against Amazon. Although they are not really competing because in the end Amazon gets the money.

Noticed the word HATE in the comments a lot. Sure are a lot of HATERS in the world.

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