Amazon.com Buys Shelfari
Amazon.com Inc. has purchased Shelfari, an online social network for book lovers (www.Shelfari.com), the Associated Press (AP) reported Tuesday. The online retailer would not disclose the purchase price.
Josh Hug, Shelfari’s co-founder and chief executive, said the acquisition will benefit the social network’s members, noting Amazon’s resources and experiences building large platforms, according to the AP.
Shelfari was launched in 2006 and had been partly funded by Amazon. Both companies are based in Seattle.
On Aug. 1, Amazon announced that it had reached an agreement to acquire Victoria, B.C.-based AbeBooks (www.AbeBooks.com), an online marketplace for used, rare and out-of-print books. Abebooks holds an equity stake in Shelfari’s main competitor, LibraryThing (www.LibraryThing.com).