Amazon to Buy Publishing Business of Tata-Owned Westland
US-based e-commerce giant Amazon today 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 here.
Earlier this year, the online marketplace had acquired a 26 per cent stake in the Tata-owned publishing company, "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 yea...