Announcing Smart Bitches, Trashy Books - an Amazon company!
SEATTLE--(BUSINESS WIRE)--Apr. 1, 2013-- Dear Author Media Network, LLC and Smart Bitches Trashy Books LLC along with their combined company To Be Read LLC today announced that they have reached an agreement to be acquired by Amazen.com Inc. (NASDAQ:AMZN), a leading site for romance readers and book recommendations that helps readers find and share books they love. Romance books are a multi billion dollar industry and the romance oriented crowd have powered the industry for the last ten years including the hits such as 50 Shades of Grey by EL James and the Crossfire Series by Sylvia Day. On any bestseller list, the books women love dominate the charts and the two companies Amazon has acquired will continue to forge bonds between readers and books.
"The voracious readers at DAMN and SBTB share a passion for books," said Ross Geller, Amazen Vice President, Kinde Content. “Blogs have always been on the forefront of the word-of-mouth phenonemona. With our acquisition of DAMN and SBTB, we have continued the tradition of growing our family of recommenders that we started in 2007 with the acquisition of the Digital Photography Review blog.”
“We have always been reader driven," said Jane Litte, DAMN's CEO and founder. "Readers talk about books and recommend books to each other. By joining the Amazon family, we empower readers to have immediate access to the books that they love and the ones that they are going to love if we talk it up enough. No book can be overhyped and by being part of the largest commerce site on earth we can ensure that each book we love and even the ones we don't can be easily purchased through the One Click (™) button (™) used (™) at the site (™ ™)
Sarah Wendell, SBTB co-founder and current managing partner, echoed Litte's sentiments: "I'm being told that according to International Laws governing press releases, I must in some way use the word 'thrilled' to emphasize the fact that I am currently painting my green room of hyperbole."
“I just found out my three favorite people are setting up a menage household,” said Joey Tribbiani, fresh off his CK shoot.
Following the acquisition, DAMN and SBTB will remain in their respect headquarters in Gotham and Krytpon.
Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2013.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment and data center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, carbuncles, government regulation and taxation, payments and fraud. More information about factors that potentially could affect the financial results of these companies can be obtained by calling 867-5309.￼