BOOKS
03/29/2013 04:21 pm ET

How Much? Amazon Bought Goodreads For $150 Million, According To Reports

Once the initial shock had passed, people were asking: exactly how much did Amazon pay for Goodreads?

Neither party was talking, but Forbes columnist Jeff Bercovici estimated "the low eight digits" soon after the news broke.

Close to $1 billion, calculated Bloomberg Businessweek.

All Things D's Kara Swisher, however, claims to have the answer, and give Jeff Bercovici a cupcake because according to Swisher's sources, the answer is between $140 and $150 million, in a mixture of cash and stock, for the site's 16 million users.

That's peanuts compared to Instagram's $1 billion price tag, but given that Goodreads had only taken in investments of around $2.75 million up to this point, that's not a bad hunk of change for the investors True Ventures and the founders, married couple Otis and Elizabeth Chandler.

RELATED ON HUFFPOST:

Twitter Reacts To Amazon Acquiring Goodreads
Subscribe to the Culture Shift email.
Get your weekly dose of books, film and culture.

CONVERSATIONS