Russian billionaire to buy Waterstone's for £53m
A buyer has been found for the ailing book retailer Waterstone's.
Its current owner HMV says it will sell the bookshop chain for £53m to the Russian billionaire Alexander Mamut.
The sale comes as HMV reports a 13.7% slump in sales.
Ben Thompson reports.
- 20 May 2011
- BBC News