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Brabners Chaffe Street advises on Mobcast sale to Tesco

Brabners Chaffe Street advises on Mobcast sale to Tesco

Friday 21st September 2012

Leading North West law firm Brabners Chaffe Street has advised the shareholders of Mobcast, the award-winning digital book platform provider, on its £4.5m sale to Tesco announced today.

 

Mobcast provides a digital book retail platform with a catalogue of more than 130,000 of the UK’s most popular titles which can be bought and read on smartphones, tablets and e-readers.  Mobcast offers a cloud-based service that lets customers build up an eBook library collection without being locked-in to one single device.

 

Brabners Chaffe Street Corporate Partner, David Bowcock, and Associate, Mark Morrell, advised Mobcast’s shareholders on the sale.

 

David Bowcock said: “We have worked with Mobcast for the past four years supporting the growth of the business.  Being part of a global group like Tesco represents a fantastic outcome and opportunity for Tony Lynch, Andy McNaband their team.”

 

Tony Lynch, CEO of Mobcast, said: “Since we launched Mobcast in 2007, we have been passionate about innovation, the digital book market and allowing customers to read across their devices. We are delighted the products that Mobcast has developed will now be used to introduce the joys of eBook reading to more book lovers in the UK.”

 

Andy McNab, bestselling author & co-founder of Mobcast, said: “As an author I always thought the ability to carry your library around and read on all your personal devices would be a huge benefit to all. We have developed a product that makes this possible, and being acquired by Tesco ensures that this original vision will be available to as many people as possible.”