Amazon has announced today that the company will acquire ebook discovery and social community site Goodreads. The entire deal will be finalized sometime during the second quarter of 2013 and all staff and the headquarters will be property of Amazon.
Goodreads was founded in 2007 and currently has over 16 million members and over 30,000 bookclubs. Users have added 530 million books to their shelves and written more than 23 million reviews. The website has been the leading indie authority of discovering new books and many authors belong to the site. Over just the past 90 days, Goodreads members have added more than four books per second to the “want to read” shelves on Goodreads.
“Amazon and Goodreads share a passion for reinventing reading,” said Russ Grandinetti, Amazon Vice President, Kindle Content. “Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike.”
“Books – and the stories and ideas captured inside them – are part of our social fabric,” said Otis Chandler, Goodreads CEO and co-founder. “People love to talk about ideas and share their passion for the stories they read. I’m incredibly excited about the opportunity to partner with Amazon and Kindle. We’re now going to be able to move faster in bringing the Goodreads experience to millions of readers around the world. We’re looking forward to inspiring greater literary discussion and helping more readers find great books, whether they read in print or digitally.”
“I just found out my two favorite people are getting married,” said Hugh Howey, best-selling author of WOOL. “The best place to discuss books is joining up with the best place to buy books – To Be Read piles everywhere must be groaning in anticipation.”