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Amazon.com Monday agreed to acquire Shelfari, a social network for book lovers, for an undisclosed sum.
Amazon's acquisition of Shelfari means the site will likely make it a much stronger competitor to other social networks that focus on bibliophiles, according to some observers. In addition, Amazon earlier this month acquired online rare book seller AbeBooks, and gained its 40% stake in one of Shelfari's main competitors, LibraryThing. Thus, observers note, Amazon will have a stake in two competing social networks for readers.
Amazon.com to Buy Social Network for Book Lovers - NYTimes.com
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