Author and SAS soldier sell e-book firm to Tesco

SAS soldier-turned-thriller writer Andy McNab is set for a windfall after selling the e-book company he founded five years ago to supermarket giant Tesco.

Mobcast, set up by Mr McNab and chief executive Tony Lynch in 2007, provides a platform for companies to sell e-books and currently works with mobile network Orange.

Tesco bought the company, which is headquartered in the East London Tech City area, for £4.5m to strengthen its own digital entertainment offer.

The country’s biggest grocer bought the movie and television streaming service blinkbox last year and personalised internet radio service WE7 in June.