SEATTLE--(Business Wire)--
Amazon.com, Inc. (NASDAQ:AMZN) today announced the completion of
its acquisition of Audible, Inc. (NASDAQ:ADBL).
Audible is the leading provider of spoken audio information and
entertainment on the Internet. Through its websites in the US and UK
and alliances in Germany and France, Audible offers over 80,000
programs, including audiobooks and other spoken word content from more
than 520 content partners that include leading audiobook publishers,
broadcasters, entertainers, magazine and newspaper publishers, and
business information providers. Content from Audible is downloaded and
played back on personal computers, CDs, or AudibleReady computer-based
and wireless mobile devices.
Upon the closing of the acquisition, all remaining outstanding
Audible shares, other than those held by stockholders who properly
perfect appraisal rights under Delaware law, were converted into the
right to receive $11.50 per share in cash. As a result of the
transaction, Audible has become a wholly-owned subsidiary of
Amazon.com.
About Amazon.com
Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in
Seattle, opened on the World Wide Web in July 1995 and today offers
Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most
customer-centric company, where customers can find and discover
anything they might want to buy online, and endeavors to offer its
customers the lowest possible prices. Amazon.com and other sellers
offer millions of unique new, refurbished and used items in categories
such as books, movies, music & games, digital downloads, electronics &
computers, home & garden, toys, kids & baby, grocery, apparel, shoes &
jewelry, health & beauty, sports & outdoors, tools, auto & industrial.
Amazon Web Services provides Amazon's developer customers with
access to in-the-cloud infrastructure services based on Amazon's own
back-end technology platform, which developers can use to enable
virtually any type of business. Examples of the services offered by
Amazon Web Services are Amazon Elastic Compute Cloud (Amazon EC2),
Amazon Simple Storage Service (Amazon S3), Amazon SimpleDB, Amazon
Simple Queue Service (Amazon SQS), Amazon Flexible Payments Service
(Amazon FPS), and Amazon Mechanical Turk.
Amazon and its affiliates operate websites, including
www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp,
www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at
www.joyo.cn and www.amazon.cn.
As used herein, "Amazon.com," "we," "our" and similar terms
include Amazon.com, Inc. and its subsidiaries, unless the context
indicates otherwise.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Actual results may differ
significantly from management's expectations. These forward-looking
statements involve risks and uncertainties that include, among others,
risks related to the expected timing and financial or other benefits
of the Audible.com transaction, competition, management of growth, new
products, services and technologies, potential fluctuations in
operating results, international expansion, outcomes of legal
proceedings and claims, fulfillment center optimization, seasonality,
commercial agreements, acquisitions and strategic transactions,
foreign exchange rates, system interruption, significant amount of
indebtedness, inventory, government regulation and taxation, payments
and fraud. More information about factors that potentially could
affect Amazon.com's financial results is included in Amazon.com's
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the year ended December 31, 2007, and
subsequent filings.
Amazon.com, Inc.
Amazon.com Media Relations, 206-266-7180
Copyright Business Wire 2008
