Barnes & Noble Acquires Fictionwise
Barnes & Noble has announced that it has acquired Fictionwise for $15.7 million in cash. Fictionwise, is a leading e-book retailer and is known to many around here as the owners of the eReader business.
Barnes & Noble said it plans to use Fictionwise as part of its overall digital strategy, which includes the launch of an e-Bookstore later this year. The Fictionwise founders, Steve and Scott Pendergrast, will remain with the company and will run the Fictionwise websites as a separate business unit within Barnes & Noble. They plan to continue to add additional titles to their e-book collection and continue the expansion of the eReader format onto more platforms.
Fictionwise acquired the eReader.com retail electronic book business unit from Motricity in January 2008. The eReader business first began as PenutPress and was acquired by Palm Inc in 2001 and became part of the Palm Digital Media Group. It later changed hands to PalmSource after the spin-off and was sold to PalmGear/Motricity in 2003 who would rebrand it as eReader.com in 2004.
Article Comments(9 comments)
- RE: Don't we have this already? -Tuckermaclain
- RE: Palm brand will return in 2018, with devices built by TCL -richf
- RE: Palm brand will return in 2018, with devices built by TCL -dmitrygr
- Palm phone on HDblog -palmato
- Palm PVG100 -hgoldner
- RE: Like Deja Vu -PacManFoo
- Like Deja Vu -T_W
- RE: Don't we have this already? -richf