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.