Sainsbury’s snaps up e-book retailer Anobii

  • Print
  • Share
  • Comment
  • Save

Sainsbury’s has acquired HMV Group’s 64% stake in online e-book retailer Anobii for a token £1.

Anobii currently has more than 600,000 users worldwide, with a library of more than 60,000 e-books.

Sainsbury’s launched an entertainment site in November 2010 and in October last year acquired online entertainment company Global Media Vault.

“This acquisition is a valuable addition to our digital portfolio and shows our commitment to becoming a key player in the digital entertainment market,” said Sainsbury’s head of digital entertainment Mark Bennett.

“It further demonstrates how we are constantly looking to innovate and seize opportunities that will support the future growth of our business. We’re excited about working together with the Anobii team and our fellow shareholders in supporting Anobii to become a leading retailer of e-books.”

Have your say

Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • Sainsbury’s snaps up e-book retailer Anobii
  • Print
  • Share
  • Comment
  • Save

Grocer jobs Experts in FMCG

Search jobs
Sign in

Newsletter sign-up

I wish to receive the following newsletters:

Subscriber only alerts:

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers