Monday, 11 July 2011

The Amazon Book Depository merger

The Office of Fair Trading (OFT) has announced it is to investigate Amazon’s acquisition of The Book Depository.

The official body has issued an “invitation to comment” notice asking for written representations about “any competition or public interest issues” with Amazon’s move to acquire the UK-based online book retailer, which was announced yesterday. A spokesman for the OFT said the invitation “effectively starts our merger enquiry”.

The Booksellers Association has announced it will formally oppose the merger of Amazon and The Book Depository, with the BA saying that Amazon already had a "de facto monopoly". Meanwhile, the PA is actively considering opposing the deal

read more

No comments: