Dutch eReader Maker Bebook is Bankrupt

It looks like the tight competition between the the big boys has claimed another victim.  Netherlands based ebook reader maker Endless Ideas filed for bankruptcy today. Emerce is reporting that the small Dutch company had filed for bankruptcy protection as a step towards reorganizing and restarting the company.

While I don't have the filings in front of me, that sounds like it is a Susurance type of bankruptcy. This is similar to a Chapter 11 bankruptcy in the US, and it give the company an opportunity to negotiate with creditors in order to settle debts without having to liquidate the company.

Endless Ideas has been importing ebook readers since 2008, starting first with a rebranded Hanlin V6, a 6" E-ink ereader from a Chinese manufacturer. Last year Endless Ideas expanded into tablets, launching the Bebook Live 7" Android tablet. I'm told that they also had plans to release more models, but that is probably not possible now.

I'm not sure that they'll make it out of bankruptcy alive. The ebook reader market is a lot tighter than it was when the first Bebook launched. The US market is mostly out of Endless Ideas reach due the the intense price competition between B&N and Amazon. And now the European market is getting to be highly competitive as Amazon, Kobo, and Pocketbook get serious about fighting over market share.

There's not much room for the little guy anymore.

Endless Ideas

Emerce via e-anagnostis

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About Nate Hoffelder (11466 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader: "I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

2 Comments on Dutch eReader Maker Bebook is Bankrupt

  1. Too bad they did not survive. I may be wrong but I think they lost a lot of money on the Live tablet rather than on the E Ink readers.

    As to the type of bankruptcy, it’s not a ‘surseance’ (that’s the correct spelling) but a real bankruptcy. However, in situations like this it’s not uncommon here in the Netherlands that an attempt is made to do a sort of restart. E.g., when Irex went bankrupt, they made a restart in the form of IRX Technologies.
    Last Tuesday a ‘curator’ was appointed by a Dutch court. It’s up to him now to decide whether to liquidate or to attempt the restart. Apparently he said he’s working on the latter option.

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