(The Guardian) The hedge fund owner of the UK’s largest book chain, Waterstones, has bought Barnes & Noble, the biggest chain in the US, in a $683m (£537m) deal heralded as a boost in their battle to preserve real-world bookshops. The UK arm of the $35bn Elliott Management hedge fund plans to install James Daunt, the Waterstones boss, in New York as chief executive of both chains, with the two brands retained and operated separately.
Waterstones Owner Buys US Chain Barnes & Noble
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