Amazon are to buy the social networking site, Goodreads.
Goodreads is like Facebook for those who like to read and is so popular that it numbers more than 16 million users. The financial terms of the deal were not disclosed, and it is expected to be completed in the next quarter.
"The deal would allow the company to move faster in bringing its user experience to more people around the world." Otis Chandler, Co-founder Goodreads
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