Amazon buys book recommendation site

By Hum
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Hum

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Online retailer Amazon has said it will buy Goodreads, a book discovery and recommendation website.

San Francisco-based Goodreads was founded in 2007, has 16 million members and is one of the most prominent online communities for readers.

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The financial terms of the deal were not disclosed, and it is expected to be completed in the next quarter.

Amazon's electronic book service competes against a number of rivals including Google and Apple.

Goodreads is a social network for readers, where they can recommend, review and discover books. Users can also buy books from online retailers, including Amazon and Barnes and Noble.

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