Quote:
Originally Posted by desertgrandma
* Abebooks acquired a minority stake in the company in May of 2006 (LibraryThing blog post/Abe press release)
* Cambridge Information Group acquired a minority stake of the company in December 2008 (LibraryThing blog post)
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Amazon bought Abebooks in 2008 which has a 40% ownership stake in Library Thing making it the largest shareholder.
Here is the press release from Amazon.
http://phx.corporate-ir.net/phoenix....146&highlight=
Not saying this is a negative.
Perhaps, all subsidiaries remain independent.
Just thought it odd that Amazon would let LT charge a fee when Shelfari doesnt. The synergies between the three entities must be profitable or Amazon wouldnt have invested in it.