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Abebooks Buys Bookfinder

by Jim Milliot, PW Daily -- Publishers Weekly, 11/8/2005

Abebooks.com has acquired Bookfinder.com, the online price comparison site for books. Bookfinder will remain in its Berkeley, Calif. offices and will continue to be run by Anirvan Chatterjee and Charlies Hsu, who cofounded the company in 1999.

Both Chatterjee and Abebooks COO Boris Wertz insisted Bookfinder will remain an unbiased price comparison site, despite its new ownership by one of the largest online sellers of used books. Wertz said there would be no sharing of data between Bookfinder and Abebooks and that Chatterjee will continue to direct the company's operations. If Bookfinder losses its neutrality, "people would stop using it. That's the last thing we want to happen," Wertz said.

Abebooks does intend to provide Bookfinder with the necessary resources to expand; a top priority, Wertz said, is to establish Bookfinder in Europe.

This article originally appeared in the November 8, 2005 issue of PW Daily. For more information about PW Daily, including a sample and subscription information, click here »
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