Bravo Two Zero author sells £4.5m firm to Tesco

SAS soldier-turned-thriller writer Andy McNab is set for a windfall after selling the e-book company he founded five years ago to supermarket giant Tesco.

Mobcast, set up by Mr McNab and chief executive Tony Lynch in 2007, allows companies to sell e-books and currently works with mobile network Orange.

Tesco bought the company, which is headquartered in the east London Tech City area, for £4.5 million to strengthen its own digital entertainment offer.

Bravo Two Zero author Mr McNab 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 will be available to as many people as possible.”

Mobcast has 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.