Supermarket chain Sainsbury’s says it’s acquired HMV Group’s shareholding in Anobii Limited for just £1. The deal will give Sainsbury’s a 64% stake in Anobii alongside HarperCollins, Penguin and Random House Group.
Anobii combines a library of over 60,000 eBooks with a 600,000-user social network. Readers are encouraged to rate and review their choices, which can be bought and downloaded to a variety of e-readers as well as Android and iOS devices.