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Amazon plans to buy social network for book fans


Amazon.com Inc said on Thursday it plans to acquire the book recommendation website, Goodreads, Reuters reports. In buying Goodreads, Amazon gets a community of bibliophiles primed to buy and recommend books – one of its key areas of business.

“Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world,” Russ Grandinetti, Amazon vice president, Kindle Content, said in a release.

Based in San Francisco, Goodreads is a social network site that lets bookworms catalog and review books. Co-founded by Otis Chandler, whose family once published the Los Angeles Times, Goodreads has more than 16 million members, who have generated more than 23 million reviews…

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