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Amazon.com to acquire British Book Depository

Amazon.com to acquire British Book Depository
AFP
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First Published: Mon, Jul 04 2011. 02 07 PM IST
Updated: Mon, Jul 04 2011. 07 37 PM IST
Washington: US online retailer Amazon.com announced on Monday it will acquire British online bookstore The Book Depository.
The cost of the transaction remains undisclosed.
The British company based in Gloucester was expected to chalk up sales of £120 million (€135 million) for the fiscal year ending in June, according to industry specialist TheBookseller.com.
The Book Depository last year had an operating profit of £2.3 million, TheBookseller.com said.
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First Published: Mon, Jul 04 2011. 02 07 PM IST