Sainsbury moves into the e-book market
Sainsbury said the acquisition and its investment in the future development of the business would result in it having a 64 per cent stake in Anobii, which has more than 600,000 users worldwide and a library of 60,000 e-books.
Anobii’s other shareholders are publishers HarperCollins, Penguin and Random House.
Advertisement
Hide AdAdvertisement
Hide AdSainsbury said the deal supports its drive into the growing online and digital entertainment market. It follows the launch of Sainsbury’s Entertainment in November 2010, the acquisition of online entertainment company Global Media Vault in October 2011 and the launch of a music download service earlier this year.