Amazon Picks Up Goodreads Social Network

Law360, Los Angeles (March 28, 2013, 10:27 PM EDT) -- Inc. is buying book recommendation-oriented social media company Goodreads Inc. for an undisclosed amount, the companies said in a joint statement Thursday.

The terms of the deal were kept private, but the companies said Goodreads’ headquarters would remain in San Francisco, while Amazon is based in Seattle. The deal is expected to close in the second quarter of 2013, according to the companies.

Goodreads CEO and co-founder Otis Chandler said on the Goodreads blog Thursday that the company would focus on integrating its website with...
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