Thursday, October 27, 2011

Amazon.com (NASDAQ:AMZN) Gets Approval For Book Depository Acquisition

Amazon.com (NASDAQ:AMZN) has received OFT approval to proceed with its Book
Depository acquisition. Amazon.com (NASDAQ:AMZN) Gets Approval For Book
Depository Acquisition The online retailer Amazon.com (NASDAQ:AMZN) has
announced that the UK's Office of Fair Trading (OFT) has approved the proposed
acquisition of the largest UK online bookseller Book Depository. The OFT said
that small increment to Amazon.com (NASDAQ:AMZN)'s position does not raise
competition issues. Book Depository was founded in 2004 and it sells books
through its own website and Amazon.com (NASDAQ:AMZN) Marketplace. The Book
Depository has more than one million customers and it ships books to more than
100 countries. Amazon.com (NASDAQ:AMZN) stocks are currently standing at 198.4.
Price History Last Price: 198.4 52 Week Low / High: 156.77 / 246.71 50 Day
Moving Average: 219.21 6 Month Price Change %: 0.9% 12 Month Price Change %:
16.7%

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