Amazon its acquisition of book social network site ShelfariT
This Internet news is provided from the West Technology Limited
August 27, according to foreign media reports, on Monday, the Amazon declared to book lovers on its Web site that it will buy books social networking sites Shelfari. Currently Amazon has not yet to disclose the specific financial transactions.
According to foreign media reports, as early as the beginning of last year, Amazon has Shelfari provided on the part of venture capital funds.
Shelfari is headquartered in Seattle, primarily for book lovers to provide a platform for the exchange. The site allows users to create virtual shelves and books to share with friends directory. Its founder Qiaoxihage (Josh Hug) was a well-known digital media technology developer RealNetworks former director of engineering equipment. Hage left RealNetworks in 2007 after the creation of Shelfari.
At present, Shelfari’s main rival is Book site LibraryThing. Earlier this month, Amazon acquired a Canadian network used book seller AbeBooks, which happens to hold AbeBooks LibraryThing40% stake.
Currently, Amazon has not yet said how to deal with the LibraryThing stockholding rights held by AbeBooks after the acquisition of Shelfari. Industry analysts expect, Amazon is likely to sell LibraryThing shares, or try to reach a settlement with the two sites to finish the site integration.
