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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (52792)	4/26/1999 6:27:00 PM
From: Jenne	Respond to of 164684

Amazon.com to Acquire Exchange.com Futures World News - April 26, 1999 18:23 Seattle-April 26-FWN--Amazon.com today announced it has agreed to acquire Exchange.com, the premier online marketplace for hard-to-find, antiquarian, and used books at and hard-to-find recordings and music memorabilia. The acquisition will vastly enlarge and enrich Amazon.com's core book- and music-store offerings while providing Exchange.com's thousands of independent dealers and retailers the opportunity to sell and auction their hard-to-find books, recordings, and memorabilia to Amazon.com's growing base of 8 million experienced online shoppers. "This is a win for Amazon.com customers because it further increases our selection of rare and obscure items," said Jeff Bezos, founder and CEO of Amazon.com, "and it's a win for the thousands of independent dealers on Bibliofind.com and MusicFile.com who will now be able to reach our 8 million experienced online shoppers." Bibliofind.com's database of more than 9 million hard- to-find book listings makes searching for and ordering books fast, easy, and convenient. Bibliofind.com allows thousands of dealers of rare books to upload their inventories and manage their businesses online quickly and easily. The site offers several community-oriented features; members actively participate in nine forums on topics such as first editions and rare books. The site automatically matches want ads with newly available books and notifies potential buyers that sought-after books have been found. MusicFile.com is the Web's premier marketplace and community for collectors of hard-to-find music and memorabilia, with more than 3 million items for sale by retailers, dealers, and private collectors around the world. MusicFile.com also offers its members rich community features, including discussion forums and free home pages, fully commerce-enabled online storefronts, a want-ad posting and matching service, articles by knowledgeable members and respected experts, and a wealth of other resources for enthusiasts of every kind of music. Privately held Exchange.com is located in Cambridge, Mass. The acquisition was one of three separate substantially all-stock transactions totaling approximately $645 million disclosed by Amazon.com today. The three acquisitions are expected to close before June 30, 1999. In addition to the acquisition of Exchange.com, Amazon.com also announced agreements to acquire: * Privately held Accept.com, an e-commerce company currently developing longer-range solutions to simplify person-to-person and business-to-consumer transactions on the Internet. The company is based in Redwood City, Calif. * Privately held Alexa Internet, which has developed a free advertising-supported Web navigation service that works with Internet browsers to provide useful information about the sites being viewed and suggest related sites. Alexa is based in San Francisco, Calif. --------------------------------------------------------------------------------