Author and SAS soldier sell e-book firm to Tesco
on 04/09/2012 11:12:53
Mobcast, set up by Mr McNab and chief executive Tony Lynch in 2007, provides a platform for 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 £4.5m to strengthen its own digital entertainment offer.
The country's biggest grocer bought the movie and television streaming service blinkbox last year and personalised internet radio service WE7 in June.