Originally published: May 22, 2012
Last updated: May 22, 2012 - 9:50pm
UK bookstore chain Waterstones announced that it is partnering with Amazon to sell the Kindle in its 294 stores starting this fall. The deal is bad news for Barnes & Noble, which was rumored to be working with Waterstones on a deal of its own. But it may not be so great for Waterstones, either. Here’s why: 1) It’s not clear how Waterstones makes money off the deal. 2) Waterstones turns direct customers over to Amazon. Again. 3) Waterstones appears to assume that e-books won’t grow that much.
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