Amazon to acquire Audible for $300 million

Reuters reports that Amazon.com said on today that it reached an agreement to buy Audible.com for US$11.50 a share, in a deal that Amazon values at about $300 million, including Audible’s cash and short-term investments. “Under the agreement, Amazon will start a cash tender offer to purchase all of the outstanding shares of Audible, and will assume Audible’s outstanding stock-based awards. The pact includes Audible’s cash and short-term investments.

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