I was going to post on the Pearson acquisition as part of our regular Tidbits post, but I know that many Aussie romance readers will find the Amazon acquisition of great interest, so I’m posting these two bits of news out of schedule.
Amazon and The Book Depository
I just saw this on Twitter (via @kate_elham), but it looks like Amazon will be acquiring The Book Depository, subject to all the legal stuff that has to happen for the acquisition to go ahead. I couldn’t find a direct link to the Amazon media release, but I’m assuming it won’t be long now.
UPDATE #1: Eoin Purcell speculates on his blog that one of the reasons for the acquisition could be to build a better market position in Australia. Wow. We matter! *happy sob*
UPDATE #2: On Twitter, TBD has stated that ‘The Book Depository will continue to operate independently.’ Then again, it’s early days yet. (Or no days, given that the sale hasn’t happened yet.)
UPDATE #3: Philip Jones at Futurebooks makes this comment: ‘[TBD] is big in those areas where Amazon isn’t, and in Australia competes head-on, with some success. Most importantly, it has established networks and routes into those countries, which Amazon simply does not. And I suspect it is these, rather than the turnover, that Amazon is most interested in.’
This is something that came up in one of the panels I attended at the 2011 Australian Romance Reading Convention. I believe Christina Lee from Mills & Boon brought it up. Here’s an excerpt from the tweet feed (I’ve removed off-topic tweets):
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