Amazon.com acquired Audible, Inc. for approximately $300 million, a transaction announced in January 2008, structured as all cash (tender offer).
Audible, Inc. operates in Digital media / Spoken-word audio, is based in Newark, New Jersey, USA. Amazon acquired Audible, the leading online provider of premium digital spoken-word audio including audiobooks, newspapers and original programming. The deal was structured as an all-cash tender offer. Audible complemented Amazon's Kindle digital-media strategy and became its audiobook platform.
Combine two customer-focused, pioneering companies to expand digital audio innovation to a wider audience.
Audible.com offers the best customer experience, the widest content selection and the broadest device compatibility in the industry. Working together, we can introduce more innovations and bring this format to an even wider audience.Steve Kessel, SVP for Worldwide Digital Media, Amazon.com
This deal brings together two pioneering companies that share a long history of ceaseless focus on improving the customer experience. We are very excited to be joining a company as innovative as Amazon.com.Donald Katz, Founder and CEO, Audible.com
Advisory firms were not disclosed for this transaction.