How Outraged Authors Helped Block Books Firm Bid


The Independent Reports Some of Britain's best-known authors are celebrating a partial victory after the Office of Fair Trading (OFT) refused to wave through Waterstone's attempt to acquire its independent rival Ottakar's.
A deluge of complaints from readers, authors and publishers prompted the competition watchdog to order an in-depth inquiry into the bid last week, on the ground that it threatened a thriving book market. The Competition Commission will have until next May to decide whether to allow the creation of a bookselling powerhouse.