Print 13 comment(s) - last by wordsworm.. on Feb 1 at 8:09 PM announces its plans to buyout for large sum, Inc. announced on Wednesday that it reached an agreement with Audible, Inc. to buy out the digital spoken word business.  The purchase will cost about $11.50 per share, totaling roughly $300 million. This will include Audible’s cash and short-term investments at closing. offers a massive range of audio books from top authors, as well as a library of newspapers, magazines, television and radio programs, and original programming.  The website hosts over 80,000 programs throughout the U.S., U.K., Germany and France.  Some of the major authors and sources include, Stephen King, Thomas Friedman, The New York Times, The New Yorker, and Charlie Rose.

"This deal brings together two pioneering companies that share a long history of ceaseless focus on improving the customer experience," said Donald Katz, founder and chief executive of "We are very excited to be joining a company as innovative as"

It looks like Amazon is focusing on the digital music market with this purchase, and its recent move to take its DRM-free digital music download service international. 

The acquisition is expected to close by the second quarter of 2008.

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RE: Very Happy
By Staples on 2/1/2008 2:32:28 PM , Rating: 1
I hear this comment from so many people who used to complain about legal digital music. Now they have moved on to a different excuse not to buy music. I doubt we will see loseless for a long time but when it does come, I am sure another excuse for many will bubble up. I think it is time for people just to admit that they feel guiltless in stealingn music because for most of them (sounds like you are not one of them), it is the price that stands in the way and none of their other excuses really have any bearing whatsoever.

I have 200 iTunes songs and only a handful of them are in their Plus format. I vaguely remember Steve Jobs saying at launch that he expects that 80% of their library would be iTunes plus by the end of 2007. What happened? Seems that all the labels are going DRM free with Amazon. What is going on with Apple? And I am all about higher quality. The Apple DRM does not affect me so much because the iPod is the best mp3 player if you ask me. If it was a crappy player, then the Apple DRM might annoy me.

RE: Very Happy
By wordsworm on 2/1/2008 8:09:23 PM , Rating: 2
I hear this comment from so many people who used to complain about legal digital music.

I've actually never tried to buy an mp3. My experience refers to Yahoo's Internet radio service. I paid for a subscription. Most music, especially 'boom box' music which is made for inferior music systems, is just fine. However, I find that some music will clip. Zero 7 or Emiliana Torrini get clipped in particular with sounds from bell-like instruments. For whatever reason the name of the instrument eludes me. I've noticed this also can happen for orchestral music. Anything where the must has a wide dynamic range. Why would I pay 99 cents for a clippy audio?

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