Amazon to Acquire comiXology

Amazon has reached an agreement to acquire comiXology, the large retailer of digital comics with a library of content from more than 75 publishers as well as independent creators. Terms were not disclosed and, subject to various closing conditions, the acquisition is expected to be finalized in the second quarter of 2014, Amazon said. Following the acquisition, comiXology's headquarters will remain in New York.

In a letter to customers, comiXology's co-founder and CEO David Steinberger wrote that the company "will retain its identity as an Amazon subsidiary and we're not anywhere near done 'taking comics further.' We are confident that--with Amazon by our side, who shares our desire for innovation and a relentless focus on customers--we've only just begun."

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