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

Categories: Technology





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.

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