Buys Goodreads

Amazon announces it will acquire Goodreads, a website for book lovers to review and share good books they read. Goodreads, which has sixteen million members, will retains its San Francisco offices following the acquisition. Terms of the sale have not been disclosed. Otis Chandler, CEO of Goodreads, posts on the Goodreads blog:

Today I’m really happy to announce a new milestone for Goodreads. We are joining the Amazon family. We truly could not think of a more perfect partner for Goodreads as we both share a love of books and an appreciation for the authors who write them.

According to Amazon, the site will be an independently owned subsidiary of Amazon and will control all editorial content and the recommendations. This is the second time Amazon has purchased a book recommendation website. In 2008, Amazon acquired Shelfari, and it also owns part of Library Thing.