Amazon buys Audible.com in $300 million cash deal
Amazon.com has reached an agreement to acquire digital book provider Audible Inc. in a $300 million cash deal. Under the terms of the agreement, Amazon.com will purchase all outstanding shares of Audible.com for $11.50 per share and will assume Audible.com's outstanding stock-based awards, for an aggregate transaction value of approximately $300 million.
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