Audible. com is an Internet provider of spoken audio entertainment, information, and educational programming. Audible sells digital audiobooks, radio and TV programs, and audio versions of magazines and newspapers. On January 31, 2008 Amazon. com announced it would buy Audible for about 300 million USD. The deal closed in March 2008 and Audible is now a subsidiary of Amazon. The company enjoys a near-monopoly in the commercial online digital download market for audiobooks.
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