Well, we’d been hearing something is up and it is. Amazon has acquired Comixology. People have been discussing this possibility for a while, and we’ll have more details shortly.
The move was announced by both Comixology and Amazon.
As seen below Amazon will acquire Comixology in Q2 for an undisclosed purchase price. Comixology will remain in New York and Amazon promises to invest in the company.
When we’d heard that Comixology suddenly pulled out of a sponsorship deal at ECCC, we knew something was up, and most informed folks seemed to think a deal would be coming in a few weeks. Although Amazon always seemed the most likely suitor for Comixology, other companies were always in the rumor mix. But in the end the most likely suitor won the bride.
Amazon’s recent entry into comics publishing and their own digital platforms—and their own attempt at Guided View—always made this a natural fit. Comixology’s impressive comics sales via iPad and desktop gained a lot of attention making the Comixology app the biggest grossing non-gaming app on the Apple platform.
While there is more to come on this, and Amazon’s rep as a faceless 800 pound gorilla may cause some alarm, there is no question that digital comics just got as real as they can get.
Amazon.com today announced that it has reached an agreement to acquire comiXology, the company that revolutionized the digital comics reading experience with their immersive Guided View technology and makes discovering, buying, and reading comic books and graphic novels easier and more fun than ever before.
“ComiXology’s mission is to spread the love of comics and graphic novels in all forms,” said David Steinberger, co-founder and CEO of comiXology. “There is no better home for comiXology than Amazon to see this vision through. Working together, we look to accelerate a new age for comic books and graphic novels.”
“Amazon and comiXology share a passion for reinventing reading in a digital world,” said David Naggar, Amazon Vice President, Content Acquisition and Independent Publishing. “We’ve long admired the passion comiXology brings to changing the way we buy and read comics and graphic novels. We look forward to investing in the business, growing the team, and together, bringing comics and graphic novels to even more readers.”
Founded in 2007, comiXology offers a broad library of digital comic book content from over 75 of the top publishers as well as top independent creators.
Following the acquisition, comiXology’s headquarters will remain in New York.
Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2014.