Posts tagged with Anobii

Tesco buys music service We7

Earlier this week, Sainsbury's purchased a majority stake in ebook retailer Anobii from HMV for £1 in what was the latest example of a major retailer trying to extend its footprint into the world of digital content.

Yesterday, we saw another example of this same trend as Tesco purchased UK-based music streaming service We7 for £10.8m.

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Sainsbury's buys stake in ebook retailer Anobii from HMV for £1

Fueled by the availability of affordable ereader and tablet devices, the market for ebooks is taking off far faster than many predicted just years ago.

So it's no surprise that more than a few big companies have been looking to get a piece of the ebook pie.

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