Amazon just announced an agreement to acquire Audible Inc. The move, once approved by the Feds and shareholders, leaves Audible.com's 80,000 strong library of audiobooks, radio programs, newspapers, and such in the hands of Amazon. Funny how a company built on a foundation of paper now finds itself knee deep in digital music
and even devices
. The $300 Million deal is expected to conclude by Q2, 2008.