"I can confirm that AudioGO has temporarily suspended business operations whilst we seek an investment or a sale of the business."
AudioGO's Rachel Josephson told the Bookseller Magazine and added:
"There is a considerable amount of interest in AudioGO and we are hopeful of achieving a swift resolution. Protecting and respecting the rights of everyone that we work with is uppermost in our considerations and we are grateful for the fantastic support we have received from our colleagues throughout the industry."
Once again Amazon are being blamed with their own Audible service making huge dents into the audiobook industry. It will be interesting to see if conventional publishing will step into snap up AudioGO in order to challenge Amazon.
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