UK supermarket chain Sainsbury’s has taken HMV’s 45 percent stake in ebook social network site Anobii off of their hands for a mighty £1. They are making an additional, unspecified “investment in the future” of Anobii that will provide them a total controlling share of what is “anticipated” as a 64 percent stake. HarperCollins, Penguin and Random House UK will remain as minority partners, presumably with some dilution as the result of Sainsbury’s additional investment. HMV paid $3.25 million for their Anobii holding in early 2011, and recorded a £1 million loss in the most recent year on Anobii and another […]
