UK's third largest chain of supermarkets Sainsbury's moves into e-book space

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June 12, 2012

UK's third largest chain of supermarkets Sainsbury's moves into e-book space

J Sainsburgy plc :: Sainsbury's has today announced the acquisition of HMV Group plc’s shareholding in Anobii Limited, a social network and online retailer of e-books. As a result of the transaction and Sainsbury’s investment in the future development of the business, it is anticipated that Sainsbury's will have a 64% stake in Anobii. Sainsbury's purchased HMV Group plc's stake in Anobii Limited for £1.

Continue to read www.j-sainsbury.co.uk

Sainsbury on Wikipedia

HT: Ingrid Lunden, techcrunch.com

June 12, 2012 at 10:14 AM | Permalink

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June 12, 2012