Breaking News: Amazon buys AbeBooks August 1, 2008 – Tags: , ,

The king of online bookselling just got stronger. No details of the transaction where disclosed and the deal expects to close in the fourth quarter of 2008.

Amazon Press Release

AbeBooks Press Release forthcoming

Book Patrol take forthcoming

Tim Spalding’s post over at The LibraryThing blog (AbeBooks is a minority stakeholder in LibraryThing)

This is a huge acquisition with tremendous implications for the bookselling trade. In one fell swoop the industry as been turned on its head, again!

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