Amazon Buys Goodreads – Gains 300,000 Book Clubs, Over 16 Million Users Reviews

Posted by at 5:48 pm on March 28, 2013

Goodreads-smTo bolster its already large inventory of user reviews, Amazon has reportedly  acquired Goodreads,  a Web site indexing user-provided book reviews. The purchase comes at a time  that rumors swirled that the review site might start selling both physical and  e-books.

According to a report at Publisher’s Weekly, holds 16 million  members, many of whom are likely already Amazon purchasers. The site services  300,000 book clubs. Goodreads was originally generated as a book recommendation  engine to aim users at books based on what friends were reading.

The  purchase is subject to normal regulatory concerns, and is expected to close in  the second quarter of 2013. Terms of the deal were not  disclosed.


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