Audible is owned by Amazon (the United States, NASDAQ: AMZN), which acquired the brand on 1 March 2008.[1][2] Audible was founded in 1995 in Newark, New Jersey and was independent until 2008.
Audible sold the first portable digital audio player in 1997, four years before the iPod, and now dominates audiobooks. Amazon acquired it in 2008 for about $300 million, pairing it with the Kindle business it had launched the previous year.
Amazon acquired Audible for about $300 million, pairing spoken-word audio with the Kindle it had launched a few months earlier. Audible had sold the first portable digital audio player in 1997, four years before the iPod.