Friday, January 11, 2008

eReader sold to Fictionwise

Fictionwise announced that it has acquired the eReader.com retail electronic book business unit from Motricity. eReader.com is one of the largest and longest-running eBook retailers on the Internet, with a large customer base and over 23,000 titles available from major publishers and authors.

The company formerly known as PeanutPress was first acquired by Palm Inc in 2001 and became part of the Palm Digital Media Group. It then changed hands to PalmSource after the spin-off and was then sold to PalmGear/Motricity in 2003 who would rebrand it as eReader.com in 2004.

Fictionwise plans to maintain ereader.com as an independent web site to capitalize on the strong brand and loyal customer base achieved by the site. However, Fictionwise plans to build on the success of the eReader eBook format by expanding the product to function on an even wider range of handheld devices, allowing customers the flexibility to read on whatever devices best meet their needs.

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