updated 04:45 pm EDT, Mon April 27, 2009
Amazon Buys Stanza Maker
Lexcycle this afternoon said it had been bought out by Amazon. The deal puts the creator of the popular Stanza e-book app for iPhones under the wing of the creator of the Kindle reader but otherwise isn't expanded upon by either company, including the intent for future products or the financial terms of the takeover. Lexcycle vows that Stanza won't lose functionality for the book services it already offers, some of which are paid stores that compete with the Kindle bookstore.
Amazon's move reflects its publicly stated desire to expand Kindle books beyond just its self-contained device. The online retailer is so far limited to an Kindle iPhone app that supports only its own, protected format but has previously said it plans to expand to multiple cellphones and other hardware without explaining how it would reach this goal. [via Alley Insider]