UK bookseller Waterstones has been acquired by funds managed by activist hedge fund manager Paul Singer’s (pictured), Elliott Advisors. Waterstones operates a chain of 283 bookshops located across the UK and Ireland, and in The Netherlands and Belgium, and had sales of over GBP400 in the year to end April 2017. Lynwood Investments, controlling shareholder of Waterstones since 2011, will retain a minority stake. Founded in 1977, Elliott is one of the oldest and largest private investment organisations globally, with funds under management of approximately USD35 billion.