UK-based supermarket chain Sainsbury's takes a stake in Anobii, replacing HMV, as majority owner, joining publishers HarperCollins, Penguin and Random House Group as an owner.
UK-based supermarket chain Sainsbury’s has bought a 64% stake in Anobii, a social network and online book retailer, for £1.
The service has more than 600,000 users globally, with a library of more than 60,000 e-books.
Other shareholders in Anobbi include global publishers HarperCollins, Penguin and Random House Group, with the aim of investing in and developing the business in the UK and overseas.
Mark Bennett, Sainsbury’s head of digital entertainment, said: “Anobii’s innovative use of social media is a…
