Elliott Advisors-backed Waterstones to acquire Blackwell’s.

Elliott Advisors-backed Waterstones, a highstreet bookseller, agreed to acquire Blackwell’s, an iconic academic and specialist bookseller in the UK. Financial terms were not disclosed. “Blackwell’s is cherished by its customers for its brilliant booksellers and the unique position it holds in the Bookselling landscape. Waterstones’ acquisition will ensure that the future of Blackwell’s and its booksellers is secure. Waterstones have outlined their commitment to invest in our people, our shops and in our growing eCommerce operation. Their acquisition will ensure that Blackwell’s remains part of the Bookselling landscape for the long term," David Prescott, Blackwell’s CEO.