Amazon has purchased Lexcycle, the company that developed the free iPhone eBook reader Stanza. The software is widely seen as a rival to Amazon's own Kindle application. Stanza provides free access to over 100,000 books in ePub format, which Amazon's Kindle does not support.
Details such as the cost of the acquisition were not revealed by either company. Over one million copies of Stanza were downloaded by the end of last year. Amazon's Kindle iPhone app is free, however users must pay for content. The Kindle 2 electronic reader is now priced at $349.