Amazon.com has announced that it will buy book recommendation social networking site Goodreads.
New Delhi: Amazon.com has announced that it will buy book recommendation social networking site Goodreads.
In buying Goodreads, Amazon gets a community of bibliophiles primed to buy and recommend books - one of its key areas of business.
"Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world," Russ Grandinetti, Amazon vice president, Kindle Content, said in a release.
Goodreads is a social network site based in San Francisco, that lets book lovers catalog and review books.
"We're looking forward to inspiring greater literary discussion and helping more readers find great books, whether they read in print or digitally," Chandler, who also serves as CEO of Goodreads, said in a statement.
This buyout will surely give Amazon’s Kindle tablet an edge over other electronic readers.
Terms of the deal, expected to close in the second quarter, were not disclosed.
With Agency Inputs