Sainsbury’s buys remaining stake in Anobii e-books platform
Sainsbury's has bought the remaining stakes in Anobii from Penguin Random House and Harper Collins UK. The move makes Sainsbury's the sole owner of the e-books platform.
The supermarket purchased a 64% share of Anobii from the HMV Group in 2012. Penguin Random House and Harper Collins owned 24% and 12% of the business respectively.
Following the purchase, Sainsbury’s launched the eBooks by Sainsbury’s retail site. With full ownership, Sainsbury’s plans to offer customers an enhanced digital entertainment experience across film, music and books via Sainsbury’s Entertainment website.
Earlier this year, eBooks by Sainsbury’s was named as ‘E-Book Retailer of the Year’ at The Bookseller Industry Awards.
Tim Lennox, managing director of eBooks by Sainsbury’s, said: “This is the logical next step in our commitment to growing our digital entertainment offer for customers across film, music and books in a way which complements and connects with our broader Sainsbury’s business.
“Penguin Random House and HarperCollins have been invaluable in our e-books development and we look forward to continuing our great working relationship with them.”