Amazon Buying Audible.com for $300M

Seattle Amazon.com Inc. said Thursday it will buy online audio bookseller Audible Inc. for $300 million in a bid to expand its reach in digital audio content.

Audible's catalog includes about 80,000 audio books, radio programs, spoken-word selections and other digital content for download.

Amazon and Audible have been partners since 2000, when the companies, with Microsoft Corp., launched an e-book and audio bookstore on Amazon.com.