Bravo Two Zero author sells £4.5m firm to 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.
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Hide AdBravo 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.