Online book recommendation company Lovereading is seeking a new buyer, to help "build the business to the next level."
Lovereading has decided to conduct a review of the "various strategic options" open to the company to maximise value for its shareholders and it is seeking offers for the company.
Formed in 2005 to "capitalise on emerging digital technologies", Lovereading helps publishers connect directly with book lovers and helps readers discover new books. The company's "uniquely relevant brands" including lovereading.co.uk, lovereading4kids.co.uk and lovereading4schools.co.uk, make it a "highly regarded and recognised destination site for book lovers, parents and schools", according to a spokesperson.
The further investment from a sale will allow the proprietary technology systems and processes that allow publishers to promote titles and readers to get receive book discoverary guidance, to be "scaled to an even larger audience and build the business to the next level".
Peter Crawshaw, director and co-founder, said: "Lovereading is already the place readers seeking trusted guidance come to first to find their next read. And our aim in looking for a buyer is not only to offer some return to the founding shareholders but also, with the extra investment, move Lovereading to the next level within the UK and globally."
Parties with a potential interest in putting forward a proposal or requiring further information should contact Ken Touhey on 01903 239313 or email firstname.lastname@example.org.