Tesco’s Blinkbox Books to close as Waterstones talks break down
Tesco has failed to reach an agreement with Waterstones for the sale of Blinkbox Books, despite entering a period of exclusive talks, which will result in the closure of the e-book business in the coming weeks.
Tesco managed to sell its movies business to TalkTalk for an estimated £25m, while its music arm was today (26 January) sold to Guvera for an undisclosed sum.
A spokesperson told The Drum that the talks with Waterstones had “failed to reach a positive outcome” but declined to go into the specific financial terms or reasons for the breakdown.
“We have taken the Read full story ›
Source: The Drum
