×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Mamut Bids on Book Chain

LONDON — Alexander Mamut has offered 43 million pounds ($70 million) in cash to buy bookseller Waterstone's from struggling entertainment retailer HMV Group, the Financial Times said on its web site on Friday.

A source close to the situation said the Russian billionaire, who owns a 6.1 percent stake in HMV, had been in exclusive negotiations to buy Waterstone's, and although the exclusivity period had ended, he remains in talks. Other parties had also shown interest in the chain, the source said.

Mamut has a controlling interest in Russia's biggest mobile phone retailer Yevroset, which earlier in April postponed a planned $1.5 billion stock market flotation in London due to market conditions.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more