Wordery sold to Elliott Advisors

Wordery sold to Elliott Advisors

Waterstones' parent Elliott Advisors has increased its exposure to the book business with the surprise acquisition of Wordery, the online bookseller that was owned by the Bertram Group. The deal was concluded this week, and follows the sell-off of two European subsidiaries by Bertrams at the beginning of April.

Wordery managing director Rob Moss told The Bookseller that the business would be run independently from Waterstones, and that he would report direct to Elliott Advisors. Moss said: "It's a strategic move that we are very excited about, it is a great thing for Wordery moving forward...

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