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Bertelsmann Looking to Sell Online Units (#489)
Posted: 9/1/2002; 5:15 PM by Terry Frazier
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Bertelsmann is reportedly looking to sell its on-line book sales units -- BOL and BN.com Call me clairvoyant. Amazon already runs on-line operations for Borders Group [NYSE: BGP]. Taking over e-commerce ops for yet another retailer wouldn't require much in additional investment, but I'm not sure how they'd handle actual warehousing and distribution for BOL. Expect Barnes & Noble to buy back BN.com.

Bertelsmann in talks with Amazon to sell internet bookseller BOL - report. Ananova Sep 1 2002 12:14PM ET
Bertelsmann AG is in talks with Amazon.com Inc to sell its loss-making internet bookseller BOL, manager magazine reported in its online edition, without citing sources.
It said Bertelsmann also wants to put its US internet bookseller Barnesandnoble.com up for sale, which it owns along with high street bookseller Barnes & Noble.
The decision comes as Bertelsmann has grown tired of the persistent losses at BOL, which amounted to 30 million euro last year, the magazine said.
BOL is the market leader in the Netherlands and Scandinavia and the number two in Germany.
Bertelsmann declined to comment.
© AFX News
[ Source: Moreover - Book publishing news]

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