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Amazon to Buy Digital Comics Company

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Online retailer Amazon said Thursday its buying digital comics company comiXology for an undisclosed sum.

Amazon said the acquisition will help it offer more and better digital comic books and graphic novels.

Founded in 2007, comiXology offers digital comic books from more than 75 publishers, including industry giants Marvel and DC, plus independent creators. ComiXology’s headquarters will remain in New York.

COMIXOLOGY

Shares of Amazon.com Inc. fell $14.79, or 4.5 percent, to $317.amid a broader market sell-off. The Dow Jones Industrial Average ended the day down 267 points or 1.6 percent.

Associated Press

 

Ivan Castilho
About the Author

Ivan Castilho is an entrepreneur and long-time Apple user since 2007, with a background in management and marketing. He holds a degree in Management and Marketing and multiple MBAs in Digital Marketing and Strategic Management. With a natural passion for music, art, graphic design, and interface design, Ivan combines business expertise with a creative mindset. Passionate about technology and innovation, he enjoys writing about disruptive trends and consumer tech, particularly within the Apple ecosystem.

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