Amazon.com Acquires Exchange.com

Posted on April 27, 1999

Amazon.com has announced it has agreed to acquire Exchange.com, an online marketplace for hard-to-find, antiquarian, and used books at bibliofind.com and hard-to-find recordings and music memorabilia at musicfile.com.

"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 contains more than 9 million hard-to-find book listings. 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 an online 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 community features, including discussion forums and free home pages, fully commerce-enabled online storefronts, a want-ad posting and matching service and articles by knowledgeable members and experts.

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