Audible doubles on MS investment

Shares of Audible Inc. more than doubled on Friday after Microsoft increased its investment in the company by $10 million.

Shares of Audible Inc. more than doubled on Friday after Microsoft increased its investment in the company by $10 million.

Audible's (adbl) stock jumped $1.25, or 143 percent, to $2.13 in pre-session trading on the Island ECN electronic trading network. Full story. --Anand Ablack, Special to ZDII Shares of Audible Inc. more than doubled on Friday after Microsoft increased its investment in the company by $10 million.

Audible's (adbl) stock jumped $1.25, or 143 percent, to $2.13 in pre-session trading on the Island ECN electronic trading network. Full story. --Anand Ablack, Special to ZDII