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Amazon to acquire Goodreads - Lou - 28 Mar 2013 10:35 PM

SEATTLE--(BUSINESS WIRE)--Mar. 28, 2013--, 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.

RE: Amazon to acquire Goodreads - ronniejacobs - 01 Apr 2013 10:15 AM

I use goodreads and i think this will be a good thing

RE: Amazon to acquire Goodreads - frogplate - 01 Apr 2013 10:28 AM

It is potentially bad news for Kobo who use Goodreads reviews and ratings on their store site. How long before Amazon shut the door to them?

RE: Amazon to acquire Goodreads - ronniejacobs - 01 Apr 2013 11:14 AM

ah did not know that Kobo uses the goodreads reviews and ratings.

RE: Amazon to acquire Goodreads - RobinMartin - 16 Apr 2013 03:21 PM

I saw that announcement anout Amazon buying Goodreads. As far as I can tell, Kobo's reviews all come from Goodreads currently, as mentioned above, so it does make me wonder what Kobo will do now, review-wise. Also, I wonder if Amazon will merge Shelfari, which they already own, with Goodreads, or keep them separate.

RE: Amazon to acquire Goodreads - mXb - 22 Apr 2013 04:19 PM

That's a nuisance, although not a member of Goodreads I do like to read their reviews and find them handy to check what books are in a "Series".

Apart from the Kobo review issue, will this be bad news for us non-Kindle users ?

RE: Amazon to acquire Goodreads - Lesley-Ann - 23 Apr 2013 09:22 AM

I use GR quite a bit. To catalogue my TBR to keep notes on what I've read as well as quick reviews. To interact with other readers around the world as well as a few authors.

I think it's silly to 'jump ship' until we are sure what this will mean for the forum/blog entirely.

I liked GR because I felt it was more reader-centric and not driven by a seller(s) trying to sell you their books. I'm worried how Amazon being the 'owner' will affect the impartiality or independence of the site?

Will Amazon use and possibly edit my reviews and use them on Amazons own sites? Will it lock out other sources like Kobo etc., who link/use the reviews there?

I'll wait till the effects of the new ownership settle to decide whether or not I'll stick around as an active user or whether it will go back to being the review source for me as an non-active interacting member. Dodgy