Tesco acquires ebook platform provider Mobcast for $7.1 million
The acquisition comes as Tesco continues to build out its online content business, in competition with UK rival Sainsbury’s. Last year, the company bought video platform Blinkbox, following it up with the acquisition of music streaming service We7 earlier this year. Sainsbury’s, meanwhile, recently announced plans for its own video service, to be powered by Rovi.