Amazon has reached an agreement to purchase comiXology, the digital comics distributor.
“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 in a statement. “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.”
The terms of the deal were not made known as the deal is expected to finalize in the second quarter of 2014.
The headquarters of comiXology will also remain in New York.