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Alibris buys Monsoon

February 23rd, 2010 by Nate Hoffelder · No Comments · ebookstore news

From the press release:

Alibris Holdings, Inc, owner of Alibris, Inc., the premier online marketplace for sellers of new and used books, music, and movies, announced today that it is acquiring Monsoon, Inc., an Oregon-based marketplace selling solutions company, for a combination of cash and stock in Alibris Holdings. Oak Hill Capital, a private equity firm that acquired Alibris Holdings in 2006, provided funding for the transaction along with additional bank financing from Square 1 Bank. After the merger closes, which is expected by early March, Alibris and Monsoon will continue to operate as separate businesses under their existing names.

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