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Friday, October 28, 2016

Amazon to acquire publishing business of Tata-owned Westland Friday Oct 28,2016




US-based e-commerce giant Amazon on Friday Oct 28,2016 said it is acquiring the publishing business of Tata-owned Westland for an undisclosed sum. 



The acquisition will enable authors of Westland, a subsidiary of Tata Group firm Trent, to grow their physical and digital book businesses in India as well as expand their reach to customers globally, Amazon said in a statement

“Our acquisition of Westland continues our commitment to India - enabling Amazon to bring Westland’s highly talented authors and their books to even more customers in India and around the world,” said Amit Agarwal, Vice-President and Country Manager at Amazon India. 

“Since investing in Westland earlier this year, we have built a great relationship with the company and its authors. 

With this acquisition, we are very excited to take our relationship with Westland to the next level,” he added. 

Westland has a history of over 50 years in retail, distribution and publishing. It is an amalgamation of two companies, Westland Books and EastWest Books (Madras).

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