Wellington online publishing start-up Bookhabit snapped up by Silicon Valley's Smashwords

Wellington online publishing start-up Bookhabit snapped up by Silicon Valley's Smashwords

Date added: Monday, 14 December 2009 13:54

Wellington online publishing start-up Bookhabit has been snapped up by Silicon Valley's Smashwords for an undisclosed sum.

Wellington web development firm and angel investor Webfund has a 25 per cent stake in Bookhabit.

Bookhabit launched in early 2008, allowing independent authors to publish their work online for free and readers to sample first chapters before deciding whether to buy.

Smashwords' bid came at the right time for the firm, which was looking to offer ebooks in different formats and set up strategic partnerships with retailers.

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