Amazon.com Inc will purchase New York-based digital comic book publisher comiXology for an undisclosed sum to beef up its entertainment content. The deal, announced on Thursday, is expected to close in the second quarter.ComiXology, which makes one of the top grossing apps for Apple Inc's iPad tablet, was founded in 2007. The acquisition comes as e-commerce company expands its slate of scripted shows and video games. Last week, it launched the Fire TV video streaming device.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN fell by 4.43% or $-14.695/share to $317.11. In the past year, the shares have traded as low as $245.75 and as high as $408.06. On average, 4373060 shares of AMZN exchange hands on a given day and today's volume is recorded at 6114343.
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