Misc

Barnes and Noble Opening eBook Store After Acquisition

Barnes & Noble has purchased Fictionwise, the company that owns eBookwise and eReader for $15.7 million in cash. 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. In addition to the closing purchase price, Fictionwise may receive earn out payments for achieving certain performance targets over the next two years.

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