Amazon buys Goodreads

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The growing online entity buys out the book website

Amazon announced that it has purchased Goodreads, the popular website that provides book recommendations and user reviews.

The online store has always been interested in reading and the book industry. Amazon purchased Sherlfari back in 2008, and the popular electronic reader, the Kindle marks their keen interest in the market.

Otis Chandler, creator of Goodreads, along with his wife Elizabeth, stated that one of their main goals was to connect their site to the Kindle, as users wanted greater access. Chandler published a blog post about the deal, stating that they were very excited about the development.

Russ Grandinetti, the Vice President of Amazon's Kindle Content, released a press statement saying, "Amazon and Goodreads share a passion for reinventing reading. Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world."

The price of the deal has not been disclosed as of yet. It has, however, been declared that Goodreads will remain in San Francisco, where it has operated for the past seven years. You can read the full press statement at Yahoo Finance.

Photo courtesy of Tumblr

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