This was in a lot of articles but I’m quoting The Telegraph for having the most catchy title.

01 Nov 2008

Lord Ashcroft, the deputy chairman of the Conservative Party, is investing millions in an e-commerce venture launched by Andy McNab, the former SAS soldier, that sells virtual books to mobile phones.

The millionaire businessman and philanthropist has taken a minority stake in GoSpoken.com, a platform that Mr McNab launched earlier this year. The service allows mobile phone users to access audio or text versions of books over their handsets.

Lord Ashcroft is believed to have invested “single digit millions” in return for the stake, according to executives close to the company.

Although the men seem an unlikely pairing, they are both keen military authors. Mr McNab’s works include Bravo Two Zero and Seven Troop, while Lord Ashcroft has written books including Special Forces Heroes: Extraordinary True Stories of Daring and Valour, for which Mr McNab wrote the foreword.

Mr McNab said: “The commitment of Lord Ashcroft and his investment team reinforces the potential of GoSpoken. They add another level of skill and experience that will help develop the product and our expansion into international markets”.

GoSpoken.com has signed a partnership in Britain with Vodafone. Tony Lynch, who co-founded the company with Mr McNab, said that it has signed up major British publishers as well as the BBC. The e-commerce firm is also planning to expand into Germany in the near future.

Lord Ashcroft said that the company has good growth potential. “It is early days, but we believe they have already in place the right people, the established platform and the necessary content to build a very successful business,” he said.

Source: The Telegraph

Comments are closed.