Amazon buys UK book e-tailer

05/07/2011

Amazon has bought The Book Depository, a UK-based online book seller, for an undisclosed sum. On its website, the company sought to reassure its customers that its service and range would improve after the acquisition by Amazon.

05/07/2011

"The Book Depository and Amazon are aligned in wanting to ensure the best possible experience for customers," the group said. "Working with Amazon we will look to continue to increase our vast selection of great titles and provide even better customer experience."

"With the support of Amazon, we look forward to continuing our growth and providing an ever-improving service for readers globally," Book Depository founder Andrew Crawford said.

Amazon's vice-president of European retail Greg Greeley said: "The Book Depository is very focused on serving its customers around the world, and we look forward to welcoming them to the Amazon family.

The deal is subject to regulatory approval.

The Book Depository was expected to make up sales of £120 million ($180 million) for the fiscal year ending in June, according to industry specialist TheBookseller.com.

Last year it had an operating profit of £2.3 million, TheBookseller.com said.

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