Italian publisher The Mondadori Group (MN) acquired Anobii Ltd., a social reading platform.
The amount of the transaction was not disclosed.
Set up in 2006 in Hong Kong by Greg Sung, Anobii is a book-based social network that allows users to share their book collections, write reviews and comments, offer judgements, exchange suggestions and advice, discuss all of the themes and issues of a book and reading groups, as well as exchanging and selling books.
The platform has more than a million users around the world with a strong base with of 300k users in Italy.
Following the close of the transaction, Anobii will develop new functions to serve its users.
FinSMEs
11/03/2014