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Amazon to Acquire Comixology


Amazon.com; the largest online retailer, announced that they will be acquiring Comixology; the largest digital comic retailer, in an agreement between the two companies. What does this mean for the current setup and apps? We know Amazon focuses on their Kindle Fire and upcoming Amazon FireTV but will they continue to support all platforms. What does it mean for their existing catalog of comics and prices? Also will this allow previously withheld comics due to content? Full press release below from Comixology's tumblr page.


Letter from CEO of Comixology
"SEATTLE—April 10, 2014—(NASDAQ: AMZN)—Amazon.com today announced that it has reached an agreement to acquire comiXology, the company that revolutionized the digital comics reading experience with their immersive Guided View technology and makes discovering, buying, and reading comic books and graphic novels easier and more fun than ever before. 
“ComiXology’s mission is to spread the love of comics and graphic novels in all forms,” said David Steinberger, co-founder and CEO of comiXology. “There is no better home for comiXology than Amazon to see this vision through. Working together, we look to accelerate a new age for comic books and graphic novels.” 
“Amazon and comiXology share a passion for reinventing reading in a digital world,” said David Naggar, Amazon Vice President, Content Acquisition and Independent Publishing. “We’ve long admired the passion comiXology brings to changing the way we buy and read comics and graphic novels. We look forward to investing in the business, growing the team, and together, bringing comics and graphic novels to even more readers.” 
Founded in 2007, comiXology offers a broad library of digital comic book content from over 75 of the top publishers as well as top independent creators. Following the acquisition, comiXology’s headquarters will remain in New York. 
Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2014."

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