Thalia Buys 50% Stake in Skoobe
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.