Los Angeles - Platinum Studios, a company that controls a library of more than 5,600 comic book characters that it adapts for various media, announced on Monday that it is in talks to acquire WOWIO, a digital distributor of digital books and comics.

Founded in 2006, WOWIO provides free, legal downloads of works including classic literature, college textbooks, comic books and other titles.

"Platinum believes that acquiring WOWIO would be a major cornerstone of a global digital publishing distribution initiative, and that Platinum is poised to enhance and expand WOWIO's business while bringing a true global distribution outlet to all of WOWIO's publishing partners, including Platinum Studios Comics," said Platinum Studios president Brian Altounian.

The companies hope to conclude a deal early in the third quarter.

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