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Amazon.com Buys Chunk of Talking-Book Digitizer
Posted by: Steven Bonisteel January 31, 2000 12:00 AM

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Web retailer Amazon.com (Nasdaq:AMZN) said today it is acquiring a five percent stake in spoken-audio company Audible (Nasdaq:ADBL). In exchange, Wayne, New Jersey-based Audible will pay $30 (US$) million over the course of a three-year deal to see products such as its digital versions of talking books featured prominently on the popular Amazon.com site.

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