First Issue

Continuing its quest for world dominance, Amazon today announced in a press release that it has inked a deal to acquire AbeBooks, an online book retailer based in British Columbia.

AbeBooks deals primarily in used, rare, and out-of-print books, and most of its 110 million listings are from independent booksellers. AbeBooks will continue to operate as a stand-alone entity and will maintain all of its websites.

A search of the AbeBooks website reveals no mention of the news.

No purchase price has yet been revealed and the deal is still subject to regulatory approval.

What’s your take on the acquisition?