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.