Bookspan Explained

Bookspan LLC
Founded:	in New York City, New York, United States
Location City:	New York City, New York
Location Country:	United States
Parent:	Pride Tree Holdings

Bookspan LLC is a New York–based online bookseller, founded in 2000.^[1]

Bookspan began as a joint endeavor by Bertelsmann and Time Warner.^[2] Bertelsmann took over control in 2007, and a year later, sold its interest to Najafi Companies, an Arizona investment firm.^[2] Najafi held its ownership in a subsidiary named Direct Brands, which also held Najafi's ownership in the Columbia House record club.^[1] In 2013, Najafi sold its interest in Direct Brands to Pride Tree Holdings,^{[2] [3]} a New York–based media and consumer technology holding company founded in 2012 and incorporated in Delaware.^{[4] [5]}

Notes and References

1. Web site: Company Overview of Bookspan LLC . S&P Global Market Intelligence . Bloomberg . May 5, 2017.
2. News: Book club's corporate owners are cloaked in mystery . Lazarus . David . 2014-09-04 . . 2017-05-05. en-US. 0458-3035.
3. Najafi Companies . Najafi Companies Sells Majority Interest in Direct Brands to Pride Tree Holdings . May 5, 2017 . PR Newswire . February 3, 2013 . en.
4. Web site: Pride Tree Holdings . Pride Tree Holdings . May 5, 2017.
5. Web site: Company Overview of Pride Tree Holdings Inc. . S&P Global Market Intelligence . Bloomberg . May 5, 2017.