Four months to the day of their acquisition annoucement, Seattle's Amazon.com announced today 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. A true Internet success story, AbeBooks.com has been selling books online since 1996, and is a private company based in Victoria, with affiliates in Germany and the United States. Internet Retailer magazine ranked AbeBooks at No. 73 among North American online retailers in June 2008.
Amazon.com had previously announced that it had reached an agreement to acquire AbeBooks on August 1, 2008 and our coverage elicited plenty of comments.
AbeBooks will continue to function as a stand-alone operation based in Victoria.
Disclosure: Boris Wertz is a Director of Techvibes Media Inc. and AbeBooks.
At AbeBooks.com our mission is to help people find and buy any book from any bookseller anywhere. AbeBooks, the world’s largest online... [more]
Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest... [more]
Huge congratulations to Boris and everyone else at Abe Books for closing this deal. This must be one of the biggest Canadian private company success stories in the web space?
Looks like it's probably the 2nd biggest acquisition in the Canadian consumer Internet space - behind Disney’s acquisition of Club Penguin ($700 Million) and ahead of Yahoo!’s purchase of Flickr ($35 Million).
Gotta rep Calgary - istockphoto's 50M exit!
Congrats to Boris and the team at Abe Books!
