Amazon Buys Stake

Amazon.com Inc. said it will pay $20 million for a 5% stake in Audible Inc. and promote the company’s Internet-delivered content and services for $30 million over three years. Seattle-based Amazon paid about $15.89 a share for the stake in Wayne, N.J.-based Audible, which provides Internet-delivered spoken audio services that include books, information from newspapers and magazines, speeches, language lessons and radio programs such as “Science Friday.” Amazon shares rose $2.88 to close at $64.56 and Audible shares rose $1 to $15.50 on Nasdaq.