Abril Media Group Acquires Ebook Aggregator Xeriph

xeriphBy Iona Teixeira Stevens

Abril, one of the main media groups in Latin America, based in São Paulo, has acquired ebook aggregator Xeriph, in a deal that included the digital bookstore Gato Sabido.

Both based in Rio de Janeiro, ebookstore Gato Sabido, or “Smart Cat” in English, and Xeriph are pioneers in ebook retail and distribution in Brazil.

As for Abril, the group distributes digital content, namely books and magazines, since April 2012 through its platform called iba. According to Abril, iba has more than 400,000 users, 16,000 titles and seen more than five million downloads of publications through their app. The value of the deal was not disclosed.

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