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AAP

Derek Rose

White knight rescues Booktopia, opens door to new life

Booktopia McGrathNicol

Booktopia will reopen after being rescued by a white knight business. (Diego Fedele/AAP PHOTOS)

Collapsed online bookseller Booktopia has been sold to the owner of electronics retailer digiDirect and will immediately resume trading.

The sale to Shant Kradjian was completed on Friday evening, Booktopia administator McGrathNicol announced on Monday morning.

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One subscription that gives you access to news from hundreds of sites

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