Publishers, agents and authors ask OFT to refer HMV bid

<p>Joel Rickett</p><p>Publishers are drawing up submissions to the Office of Fair Trading over the proposed acquisition of Ottakar's by Waterstone's parent HMV.</p><p>HMV this week raised its stake in Ottakar's to 7.82%, as Ottakar's independent directors recommended HMV's &#163;96.4m bid to shareholders. City analysts said that founder James Heneage was unlikely to be able to respond with a raised venture capital bid.</p><p>The field of potential trade buyers narrowed this week, with Bertelsmann and Tim Waterstone both ruling themselves out of the running. Borders is believed to be an unli...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.


Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to thebookseller.com (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now