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Mon 08 Aug 2008Sony fails to read signs and loses out to Amazon

Amazon's Kindle has grabbed the market- leading position for electronic books from Sony, echoing what happened with the iPod and Walkman, writes John Gapper

EVER SINCE Sony lost the battle between its Walkman music player and Apple's iPod, it has been trying to strike back. Last week, it paid $900 million (€598 million) to take full control of Sony-BMG, its music joint venture with Bertelsmann.

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