Amazon.com has been on the acquisition trail again - this time to boost its infant auction service.
Amazon.com has agreed to buy Alexa Internet, Exchange.com and Accept.com in three separate deals for $645 million.
Exchange operates Bibliofind.com and Musicfile.com, which specialise in selling rare and difficult to find books and music recordings. Amazon.com estimates that it will be able to add around 12 million more items to its inventory through its purchase of Exchange.
"It is a win for Amazon.com customers because it will further increase or selection of rare and obsure items," said Jeff Bezos, chief executive of Amazon.com in a statement, adding: "It's a win for thousands of independent dealers on Bibliofind.com and Musicfile.com who will now be able to reach our eight million online shoppers."
Amazon.com has just jumped on eBay's phenomenally successful coat tails and opened an online auction service.
Amazon.com is also acquiring Alexa, a free advertising Web navigation service and Accept.com, which develops technology for business and consumer transactions over the Internet.
Source: VNU Newswire
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