Amazon.Com Acquires Exchange.Com, Adding More Than 12 Million Book and Music Items For Sale And Auction Operator of Bibliofind and MusicFile to Add Hard-to-Find Books and Music

To Amazon.com; Two Additional Acquisitions Also Announced



    SEATTLE, April 26 /PRNewswire/ -- Amazon.com (Nasdaq:   AMZN), the leading
 online retailer, today announced it has agreed to acquire Exchange.com, the
 premier online marketplace for hard-to-find, antiquarian, and used books at
 www.bibliofind.com and hard-to-find recordings and music memorabilia at
 www.musicfile.com.
     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 (www.exchange.com) is located in Cambridge,
 Massachusetts. 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 (www.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, California.
     * Privately held Alexa Internet (www.alexa.com), 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, California.
 
     Amazon.com is acquiring all of the outstanding shares and assuming all
 outstanding options of the three companies. The company expects to account for
 the transactions under the purchase method of accounting. The transactions are
 subject to customary closing conditions, including shareholder approval and
 expiration of the applicable waiting periods under the Hart-Scott-Rodino Act
 of 1976.
 
     About Amazon.com, Inc.
     Amazon.com, the Internet's No. 1 music, No. 1 video, and No. 1 book
 retailer, opened its virtual doors on the World Wide Web in July 1995. Today,
 the Amazon.com store has expanded to offer online auctions and more than
 4.7 million book, music-CD, video, DVD, computer-game, and other titles, plus
 secure credit-card payment, personalized recommendations, and streamlined
 ordering through 1-ClickSM technology.
     Amazon.com operates two international Web sites:  www.amazon.co.uk in the
 United Kingdom and www.amazon.de in Germany. Amazon.com also operates
 PlanetAll (www.planetall.com), a Web-based address book, calendar, and
 reminder service. It also operates the Internet Movie Database (www.imdb.com),
 the Web's comprehensive and authoritative source of information on more than
 150,000 movies and entertainment programs and 500,000 cast and crew members
 dating from the birth of film in 1892 to the present.
     This announcement contains forward-looking statements that involve risks
 and uncertainties that include, among others, Amazon.com's limited operating
 history, anticipated losses, unpredictability of future revenues, potential
 fluctuations in quarterly operating results, seasonality, consumer trends,
 competition, risks of system interruption, management of potential growth,
 risks related to auction services, and risks of new business areas,
 international expansion, business combinations, and strategic alliances. More
 information about factors that potentially could affect Amazon.com's financial
 results is included in Amazon.com's filings with the Securities and Exchange
 Commission, including its Annual Report on Form 10-K for the year ended
 December 31, 1998.
     NOTE:  Amazon.com, Amazon.com Auctions, Amazon.co.uk, Amazon.de, Internet
 Movie Database, PlanetAll, and 1-Click are either registered trademarks or
 trademarks of Amazon.com, Inc. or its affiliates. All other names mentioned
 herein may be trademarks of their respective owners.
 
 

SOURCE Amazon.com
RELATED LINKS
http://www.amazon.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.