The British Office of Fair Trading has given the thumbs up to Amazon’s purchase of the Book Depository.
The buy was announced earlier this year, although the publishing industry in Britain feared the move would create a monopoly.
The OFT said that, “Amazon’s share of the UK online book market was strong,” but that the Book Depository had only “between 2-4% of online retailing” of hardcover books in Britain.
Amazon has said the Book Depository will continue to operate independently.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.