Confusion as Tim's bid for Waterstone's collapses

<p>Tim Waterstone's bid for his former bookselling business Waterstone's appears to have collapsed in confusion this morning, after his financial backers withdrew their support for the &#163;280m bid.</p><p>A spokesman for Tim Waterstone confirmed that the &#163;280m offer for the bookseller had been dropped, but there were conflicting reports about how the bid had stumbled.</p><p>A Stock Exchange statement put out by Waterstone's parent HMV this morning reported that Lazard Private Equity Partners had withdrawn its support for the buyout attempt led by Tim Waterstone and Anthony Forbes Wat...

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