Thalia Buys 50% Stake in Skoobe

Thalia Buys 50% Stake in Skoobe Bookstore Streaming eBooks

The German bookstore chain Thalia is about to become a 50% shareholder in subscription ebook service, Skoobe.

Launched in 2012 as a partnership between Bertelsmann and Holtzbrinck, Skoobe is a more limited alternative to Kindle Unlimited. It costs 10 euros per month, and lets subscribers download up to 5 titles per month on Android or iOS apps, or on Android ereaders.

With the acquisition, Thalia intends to invest in the further development of the ebook market and to accelerate digital growth, according to a corporate statement. The deal is still awaiting regulatory approval, however.

Thalia is also one of the retail partners in Tolino, the shared German ebook brand. It sells Tolino ereaders in store, and sells both ereaders and ebooks on its website.

BuchReport.de

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader: He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

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