Amazon snatches up

— 12:13 PM on January 31, 2008

Shortly after announcing plans to make its MP3 music store available worldwide, Amazon has announced yet another important move in the realm of audio downloads. According to the Associated Press, Amazon has revealed that it is purchasing audiobook download service

The deal, which will see Amazon cough up $300 million for the service, is expected to reach completion some time in the second quarter of this year. Amazon hasn't yet disclosed whether it intends to integrate into Amazon MP3 or leave it as a separate entity. The acquisition could however see Audible close its doors to Apple's iTunes Store, which has hosted its content since 2003. currently offers a library of 80,000 audio programs, including audiobooks, spoken articles from papers like the New York Times and the New Yorker, and shows like Charlie Rose and Fresh Air. Customers can purchase content a la carte or sign up for subscriptions that start at $14.95 a month.

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