InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Former Ottakar’s CEO Linked to Borders Bid

The Bookseller reports that Ottakar’s founder James Heneage has been linked with a bid for Borders‘ UK superstores, while former Hammicks chief Trevor Goul-Wheeker is believed to be eyeing its Books Etc division. Industry observers have mooted that Heneage could partner with current Borders CEO David Roche to buy out the chain’s 42 UK and Ireland stores. The pair previously worked together on a management buyout of Ottakar’s that was scuppered by a higher bid from Waterstone’s.

No venture capitalist or trade buyer has swooped since Borders US announced a “strategic review” of all its international businesses last month. One source said that the 50m pound price tag being touted was putting off pre-emptive bidders: “The price is a problem—it’s not worth half of that.”

Mediabistro Course

The Art of the Book Review

The Art of the Book ReviewStarting August 4, learn how to get paid to write reviews that will influence the publishing landscape! Taught by a Publishers Weekly book critic, you'll learn how to recommend a book to its audience, write reviews of varying lengths, tailor a review to a specific publication and more! You'll leave this course with two original reviews and a list of paying markets for book reviews. Register now!