Waterstones is days away from finalizing a deal to acquire Blackwell’s, the Financial Times reports. A source says that the deal is expected to be in the “low, single-digit millions,” and it would likely be subject to regulatory approval. Blackwell’s ceo David Prescott “said the company was still in exclusive talks with a prospective buyer.” Like Foyles, which was bought by Waterstones in 2018, Blackwell’s will remain its own brand. Waterstones is owned by Elliott Advisors, which purchased Barnes & Noble in 2019.
