Amazon announced it will acquire online book seller The Book Depository for an undisclosed sum. The UK-based store was founded by Andrew Crawford, an ex-Amazon employee. The Book Depository is rather popular among European book worms because it often has cheaper pricing than Amazon.
Amazon.com, Inc. (NASDAQ:AMZN - News) today announced that it has reached an agreement to acquire The Book Depository International. The Book Depository is an online bookseller offering over six million books for delivery worldwide.
"Customers in more than 100 countries enjoy The Book Depository's vast selection, convenient delivery and free shipping," said Greg Greeley, Amazon's Vice President of European Retail. "The Book Depository is very focused on serving its customers around the world, and we look forward to welcoming them to the Amazon family."
"With the support of Amazon, we look forward to continuing our growth and providing an ever-improving service for readers globally," said Andrew Crawford, Founder, The Book Depository.
The acquisition is subject to customary closing conditions, including regulatory approvals.