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Barnes & Noble acquires Fictionwise
Posted on 6-Mar-2009 14:29. | Tags Filed under: News.

The world’s largest bookseller, Barnes & Noble, Inc., has acquired Fictionwise, a leader in the e-book marketplace, for US$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.

Headquartered in New Jersey, Fictionwise was founded in 2000 by Steve and Scott Pendergrast. Barnes & Noble intends to keep Fictionwise as a separate business unit and the founders will continue to operate the business.

Barnes & Noble, Inc. is a Fortune 500 company, operating 799 bookstores in 50 states in the U.S..

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