October 27, 2011 06:55 pm EDT

Office of Fair Trading gives thumbs up to Amazon's purchase of The Book Depository

Amazon may have faced stiff opposition to its plans to acquire British online bookseller The Book Depository, but one of those not standing in its path is the Office of Fair Trading. Over protests from the UK Booksellers Association, Publishers Association and Independent Publishers Guild, the OFT approved the purchase, saying that the acquisition would not form a de facto monopoly. While Amazon's market share is "strong" its newest purchase only holds between two- and four-percent -- hardly making it a competitor of the internet giant. The Book Depository will continue to operate as an independent entity for the foreseeable future, but our friends across the pond now have one less option if they choose not to do business with Bezos.

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Office of Fair Trading gives thumbs up to Amazon's purchase of The Book Depository originally appeared on Engadget on Thu, 27 Oct 2011 14:55:00 EDT. Please see our terms for use of feeds.

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