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Amazon to acquire rare-book site AbeBooks
Amazon's book selection is about to grow bigger, older, and rarer. The company announced Friday that it will acquire AbeBooks.com, which specializes in out-of-print book sales.
No financial details of the acquisition were given, but Amazon, headquartered in Seattle, expects the deal to close before the end of its fourth quarter.
British-Columbia based AbeBooks, established in 1996, sells more than 110 million titles of used, rare, and out-of-print books listed by thousands of independent sellers around the world. In 2002, the company began to sell some books through Amazon's Marketplace program, which enabled its 13,500 book … Read more
