Amazon.com Completes Acquisition of Audible

  
    
  
  
    
      Amazon.com, Inc. (NASDAQ:AMZN) today announced the completion of its 
      acquisition of Audible, Inc. (NASDAQ:ADBL).
    
    
      Audible is the leading provider of spoken audio information and 
      entertainment on the Internet. Through its websites in the US and UK and 
      alliances in Germany and France, Audible offers over 80,000 programs, 
      including audiobooks and other spoken word content from more than 520 
      content partners that include leading audiobook publishers, 
      broadcasters, entertainers, magazine and newspaper publishers, and 
      business information providers. Content from Audible is downloaded and 
      played back on personal computers, CDs, or AudibleReady computer-based 
      and wireless mobile devices.
    
    
      Upon the closing of the acquisition, all remaining outstanding Audible 
      shares, other than those held by stockholders who properly perfect 
      appraisal rights under Delaware law, were converted into the right to 
      receive $11.50 per share in cash. As a result of the transaction, 
      Audible has become a wholly-owned subsidiary of Amazon.com.
    
    
      About Amazon.com
    
    
      Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, 
      opened on the World Wide Web in July 1995 and today offers Earth's 
      Biggest Selection. Amazon.com, Inc. seeks to be Earth's most 
      customer-centric company, where customers can find and discover anything 
      they might want to buy online, and endeavors to offer its customers the 
      lowest possible prices. Amazon.com and other sellers offer millions of 
      unique new, refurbished and used items in categories such as books, 
      movies, music & games, digital downloads, electronics & computers, home 
      & garden, toys, kids & baby, grocery, apparel, shoes & jewelry, health & 
      beauty, sports & outdoors, tools, auto & industrial.
    
    
      Amazon Web Services provides Amazon's developer customers with access to 
      in-the-cloud infrastructure services based on Amazon's own back-end 
      technology platform, which developers can use to enable virtually any 
      type of business. Examples of the services offered by Amazon Web 
      Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple 
      Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue 
      Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS), and 
      Amazon Mechanical Turk.
    
    
      Amazon and its affiliates operate websites, including www.amazon.com, 
      www.amazon.co.uk, www.amazon.de, 
      www.amazon.co.jp, www.amazon.fr, 
      www.amazon.ca, and the Joyo Amazon 
      websites at www.joyo.cn and www.amazon.cn.
    
    
      As used herein, "Amazon.com," "we," "our" and similar terms include 
      Amazon.com, Inc. and its subsidiaries, unless the context indicates 
      otherwise.
    
    
      Forward-Looking Statements
    
    
      This announcement contains forward-looking statements within the meaning 
      of Section 27A of the Securities Act of 1933 and Section 21E of the 
      Securities Exchange Act of 1934. Actual results may differ significantly 
      from management's expectations. These forward-looking statements involve 
      risks and uncertainties that include, among others, risks related to the 
      expected timing and financial or other benefits of the Audible.com 
      transaction, competition, management of growth, new products, services 
      and technologies, potential fluctuations in operating results, 
      international expansion, outcomes of legal proceedings and claims, 
      fulfillment center optimization, seasonality, commercial agreements, 
      acquisitions and strategic transactions, foreign exchange rates, system 
      interruption, significant amount of indebtedness, inventory, government 
      regulation and taxation, payments and fraud. More information about 
      factors that potentially could affect Amazon.com's financial results is 
      included in Amazon.com's filings with the Securities and Exchange 
      Commission, including its Annual Report on Form 10-K for the year ended 
      December 31, 2007, and subsequent filings.