to Acquire Goodreads, Inc. (NASDAQ:AMZN) is to acquire Goodreads, a site for readers and book recommendations.

The amount and the terms of the transaction, which is expected to close in the second quarter of 2013, were not disclosed.

Founded in 2007 by Otis Chandler, CEO, Goodreads allows readers to find and share books. The site has 16 million members who can discover new books by seeing what their friends are reading or by using a recommendation engine, share ratings and recommendations, track what they have read, and list what they want to read.

Chandler said the acquisition will bring the Goodreads experience to millions of readers around the world. Following the close of the transaction, the company’s headquarters will remain in San Francisco, CA.



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