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Amazon.com Offers Refunds

May 18, 1999

NEW YORK (AP) _ Amazon.com Inc. will issue refunds to customers who bought New York Times best-selling books in the two weeks prior to Internet merchant’s announcement that it was cutting prices.

Amazon said Monday it would slash prices of best-selling books by 50 percent, a move that was then matched by Internet rivals Barnesandnoble.com and Borders.com.

The Seattle-based Amazon already has notified customers who purchased books from May 3 to May 16 that they would be entitled to the discounts and their accounts would be credited for the difference in price.

Barnesandnoble.com said its discounts were good for purchases beginning Monday. Officials from Borders.com could not be reached for comment.

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