Amazon Is Buying Goodreads

By Mario Aguilar on at

Noted online bookshop and retailer Amazon.com is buying the excellent online books-related social network and information portal Goodreads. Well, that's a deal that makes a lot of sense.

For those of you who aren't familiar with Goodreads, the online books portal is a place where users can connect with each other, and keep track of the books they're reading as well as what they'd like to read. So, you know, it's exactly the type of service that Amazon would want to acquire given that it's in the business of selling books. The terms of the deal weren't disclosed. We reached out to Amazon for details about company's plans for Goodreads, and we'll update with any new information.