Amazon Buys Goodreads. Take That, Bookish!
After two years of stops and starts, Bookish, the book discovery and e-commerce website co-owned by three of the world’s biggest publishers, finally opened for business in February. Seven weeks later, Amazon has acquired Goodreads, the leading book-centric social network.
Of course, with 16 million members, San Francisco-based Goodreads is a logical enough acquisition target for the e-tailer. (The sale price hasn’t been disclosed but seems likely to have been in the low eight digits; according to Crunchbase, Goodreads had raised a total of $2.75 million in funding.)