Private equity firm Pacific Equity Partners has lodged an indicative offer for the Australian and New Zealand businesses of bookseller Borders Group, reports Reuters, in a deal expected to be worth more than A$100 million ($87m).

The source familiar with the situation told Reuters that PEP lodged its offer through its A&R Whitcoulls...

Dymocks is planning a bid for the Australian and New Zealand business of US book retailer Borders Group, reports the Sydney Morning Herald. The company's 24 stores are thought to be worth $200m.

The move will pitch Dymocks against local private equity player Pacific Equity Partners, which owns Angus & Robertson. Borders Australia...

Australian Attorney General Philip Ruddock last week moved to change federal law in order to ban books, films and computer games that promote terrorism.

The legislation follows the country's Classification Review Board's decision last year to ban only two of the eight Islamic books that Ruddock had asked to be barred. The two...