AbeAzon Thing.

Here’s some unfortunate news.

Amazon has acquired twelve year old Canadian company Abebooks (formerly the Advanced Book Exchange), the companies just announced. AbeBooks is an online marketplace for books focusing on used, rare and out of print titles for sale by independent booksellers – it currently has 110 million books for sale from 13,500 sellers.

The company has been around since 1996 and fills a niche for Amazon in hard-to-find or out-of-print books. Rather than hold its own inventory, it acts as a digital marketplace for established booksellers.

AbeBooks also owns 40 percent of LibraryThing (a social app for keeping track of your books and finding other like-minded book lovers). Whereas Amazon is an investor in Shelfari. Now Amazon will own a piece of both of those competing startups.

Consolidation is rarely beneficial for the consumer.  Support the independent bookstores.

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