Amazon to buy Audible for $300 million
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Online retailer Amazon.com Inc said on  Thursday it reached a deal to buy digital audio books provider  Audible Inc for about $300 million, aiming to bolster its audio  download offerings.
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The network teams up with Amazon after ending deal with Apple.
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Dow Jones & Company, the publisher of The Wall Street Journal, has agreed to buy MarketWatch, the parent company of the financial news Web site CBS MarketWatch, for approximately $519 million, the companies said today.
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Dow Jones &amp; Co., publisher of the Wall Street Journal, says it has agreed to buy online news site MarketWatch Inc. in a $519 million deal that widens its Internet audience.
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It was a happy holiday shopping season for Amazon (AMZN). The e-commerce giant reported sales of $3.99 billion for the last three months of 2006, a 34% increase that beat the Street's average estimate of $3.77 billion.
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Amazon.com Inc. has taken more than a million pre-orders for the final "Harry Potter" book due out in July, but the world's largest Web retailer won't make a profit, Chief Executive Jeff Bezos told shareholders at the company's annual meeting Thursday.
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Ear ear Amazon.com said today that it has agreed to buy digital spoken word audio provider Audible Inc for $11.50 a share.â¦
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Dow Jones & Co. , publisher of The Wall Street Journal, has agreed to buy online financial news provider MarketWatch Inc.  for about &#36;463 million in a bid to boost its revenue from the fast-growing Internet advertising market.
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Electronic publisher ProQuest Co. (PQE.N: Quote, Profile, Research) said on Tuesday it would buy privately held Voyager Expanded Learning, a reading curriculum provider, for $360
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Dow Jones &amp; Co., publisher of The Wall Street Journal, has agreed to buy online financial news provider MarketWatch Inc. for about $463 million in a bid to boost its revenue from the fast-growing Internet advertising market.
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Amazon.com has begun a new chapter in its battle for customers&#39; ears: it has agreed to pay $300 million for Audible, a seller of audio books that has a close relationship with Apple.Ten-year-old Audible sells spoken-word content such as audio books, magazines, and radio programs through a number of channels, including its Web sites in the U.S. and U.K. It has 80,000 titles in its catalog, and a further 20,000 through partner sites in France and Germany.Amazon began reselling Audible&#39;s content in 2000, and since 2002, Audible has also distributed audio books through Apple&#39;s iTunes Store, when it became Apple&#39;s exclusive supplier of spoken-word content. Apple modified the software in its iPods to allow &quot;bookmarking&quot; of Audible audio files.This chapter in the battle for listeners may yet have a happy ending for Apple, as the Audible team plans to continue and grow its relationship with the iTunes Store, according to Amazon spokesman Drew Herdener. But that goes for Audible&#39;s many other channel partnerships too: &quot;We plan to continue and grow all these relationships,&quot; Herdener said.Apple declined to comment on the deal.The main battle front between Apple and Amazon remains the sale of digital music free of the restrictions imposed by DRM (digital rights management) systems, where Amazon has been competing with Apple in the U.S. since September.When Apple opened its iTunes Store, the music it sold was wrapped in a layer of DRM to prevent copying, which incidentally tied the music to Apple&#39;s iPod players and iTunes software.Some record companies were unhappy that Apple limited the sales to its players in this way, and last May&#160;Apple began offering tracks from EMI without DRM&#160;for a small premium, later bringing the price down to the same $0.99 it charges for other tracks with DRM.&#160;Amazon joined the fray&#160;in September, selling music from EMI and Universal in MP3 format, without DRM,&#160;adding tracks from Warner to its catalog&#160;in December. It now offers 2.9 million DRM-free tracks, compared to 2 million DRM-free tracks in Apple&#39;s iTunes Store. Apple offers millions more tracks with DRM.Audible&#39;s audio books are wrapped in a layer of DRM, which Amazon does not plan to remove unless customers start to complain, Herdener said.&quot;Each media marketplace has its own business dynamics,&quot; he said.Amazon recently moved into the electronic book market with the launch of its Kindle e-reader, a device for downloading and displaying electronic books. Kindle also plays audio files, including those sold by Audible, making it a (much bulkier) competitor to the iPod.The $300 million price tag for Audible includes the assumption of outstanding stock option obligations. The companies expect to close the deal by April.
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Yahoo Inc has struck a deal to buy BlueLithium, the fifth-largest U.S. online advertising network, for $300 million in cash, in the latest move to consolidate the behavioral ad targeting market.
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Amazon.com Inc, the Web retailer known for selling books, said it had paid about $4 million to buy a handwritten, illustrated book of wizardry by "Harry Potter" author J.K. Rowling.
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Amazon.com Inc said on Friday it signed real estate lease deals to move its corporate headquarters and consolidate its office space in Seattle after 2011.
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Warner Music agrees to sell its music for download on Amazon in MP3 format without copy protection.
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Dow Jones & Co., publisher of The Wall  Street Journal, has agreed to buy online financial news  provider MarketWatch Inc. for about $463 million in a bid to  boost its revenue from the fast-growing Internet advertising  market.
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Amazon.com Inc. has agreed to pay $300 million for Audible, an audio books seller that has a close relationship with Apple Inc.