The Liters group of companies, which includes the service of the same name MyBook, LiveLib, Liters: Samizdat, Liters: Library, sold control (51%) of the Estonian Digital Book Center (EDRK) platform, which is engaged in wholesale trade. of e-books in the Baltic countries.
This was reported by the Vedomosti newspaper in reference to Oleg Novikov, co-owner of Liters. Liters herself clarified that the local shareholders of the Estonian platform became the buyers of the stock.
The publication’s interlocutors did not reveal the amount of the transaction. Noviktov limited himself to pointing out that the price was “symbolic”: “We in these countries [Балтии] “Nobody wants to see.” Litros also froze its business in Poland, as “local aggregators” of digital books, including major book distributor Azymut, suspended contracts with the company.
Poland became the first country where Liters began its international expansion, launching in May 2019 the website litres.pl, as well as the mobile application Czytaj! and Sluchaj! (“Read and listen”). In November of the same year, an agreement was concluded to acquire control of the Baltic aggregator EDRK Litros. Its amount was then estimated at 300,000-400,000 euros.
Now Liters is planning an international expansion to friendly countries. In December 2022, the service appeared in Azerbaijan, in July 2023 – in Uzbekistan. In the future, the company could enter the Kazakhstan market.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
