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. Last Updated: 07/27/2016

Bookseller Buys Biggest Distributor

NASHVILLE, Tennessee -- Barnes and Noble Inc. is buying the world's largest book distributor from Ingram Industries Inc. for $600 million. The move sparked an immediate protest from an organization representing independent bookstores.

The American Booksellers Association raised anti-competitive questions in asking the U.S. Department of Justice and the Federal Trade Commission to investigate the acquisition of Ingram Book Group, which was announced Friday.

The ABA said in a statement from Tarrytown, New York, that the deal "threatens the viability of competition in the book industry, and limits the diversity and availability of books to consumers.'' The ABA says Nashville-based Ingram is a primary distribution source for the majority of its member stores.

Calls to the FTC and Justice Department's antitrust division were not immediately returned.

Barnes and Noble spokeswoman Mary Ellen Keating called the ABA's position "at best another attempt to disparage our good reputation, and at worst is itself a manipulation designed to cause booksellers ... to act in concert against our company.''

Under the deal, Barnes and Noble will give Ingram $200 million in cash and $400 million in stock for the book distribution unit.