The Things You Can Read: Breaking News: Amazon Buys Goodreads

According to Huffington Post: Amazon Buys Goodreads

NEW YORK -- Amazon.com Inc., the world's biggest online retailer that got its start in bookselling, has agreed to buy book recommendations site Goodreads. Financial terms of the deal were not disclosed. Amazon said Thursday that it "shares a passion for reinventing reading," with Goodreads. "Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world," said Russ Grandinetti, vice president of Kindle content for Amazon.

To view the full article on Huffington Post: Click Here
To view Goodreads press release: Click Here

What are your thoughts on this acquisition?

In the March 29, 2013 edof Shelf Awareness several reactions were shareed:

But judging from the reaction of booksellers, publishers and some Goodreads users, the process may not be so easy. The overwhelming feeling expressed yesterday on Twitter and Facebook was surprise and disappointment. ‏@NextGenAuthors tweeted us: "Hey, your April Fool's edition doesn't come out until Monday!" Many indies and their fans promptly cancelled their accounts.