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NewsPoster Mar 28, 2013 04:57 PM
Amazon buys book review site Goodreads, terms not disclosed
To bolster its already-large inventory of user reviews, Amazon has reportedly acquired <a href="" rel='nofollow'>Goodreads</a>, a Web site indexing user-provided book reviews. The purchase comes at a time when rumors swirled that the review site might start selling both physical and e-books.<br />
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According to a report at <a href="" rel='nofollow'><em>Publisher's Weekly</em></a>, has 16 million members, most of whom are likely already Amazon purchasers. The site services 300,000 book clubs. Goodreads was originally generated as a book recommendation engine to aim users at books based on what friends were reading.<br />
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The purchase is subject to normal regulatory concerns, and is expected to close in the second quarter of 2013. Terms of the deal were not disclosed.
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