Friday, March 6, 2009

Breaking News: Big Boost for e-Books

Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller, announced today that it has acquired Fictionwise, a leader in the e-book marketplace, 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.

I think this will mean big things for electronic books. Between this and the Kindle initiative we may finally start to see some legitimacy in the e-book world.


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