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Crown Publishing Group Acquires Compendium
The Crown Publishing Grouphas acquired Compendium, the publisher of illustrated books, journals, and notecards.
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Canada's Valsoft Acquires Edelweiss, Expanding Role in Publishing
Montreal-based software company Valsoft Corporation has acquired Above the Treeline, Inc., developer of Edelweiss, the digital workflow platform for booksellers and publishers. The move follows Valsoft's majority stake purchase in publishing software Klopotek in August 2023.
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Hachette Acquires Union Square & Co. from Barnes & Noble
Barnes & Noble acquired Sterling Publishing Co. in 2003, and rebranded it as Union Square in January 2022, at the direction of B&N CEO James Daunt. Emily Meehan will continue to head Union Square, which will become part of HBG's Grand Central Publishing Group.
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Wiley Creates AI Partnership Program
Under Wiley AI Partnerships, the company will work with start-ups and scale-ups to develop AI tools that will help researchers use AI responsibly and effectively in their work.
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Mackin Educational Resources Buys Booksource
In a major deal in the educational wholesaling business, Mackin Educational Resources has acquired Booksource.
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Perfect Bound Buys PubMatch
The purchase of the global rights and licensing marketplace by Perfect Bound, which launched an online printing service last year, reflects founder Keith Riegert’s goal to help independent publishers streamline their services while boosting revenue.
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U.K. PR Company Midas Opens U.S. Office
London-based communications and PR agency Midas has opened a U.S. office and hired Katharine Myers, most recently senior director of publicity at Little, Brown, to serve as deputy managing director in the U.S.
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Andrews McMeel Buys Becca Anderson Titles from Mango
Among the 10 titles acquired in the deal was 'Badass Affirmations,' which has sold more than 350,000 copies since its publication in 2018. Andrew McMeel hopes to publish new titles by Anderson.
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Lerner Publishing Buys Sundance Newbridge
Lerner Publishing Group has acquired the supplemental literacy solutions company Sundance Newbridge Publishing from Globe Pequot Publishing. The acquisition adds about 3,600 titles to the Lerner pre-K–8 catalog.
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S&S Australia Agrees to Acquire Affirm Press
The agreement to buy the Melbourne-based independent publisher is Simon & Schuster's second overseas acquisition since it was bought by KKR late last year.
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Eurospan Finds a New Home at the Mare Nostrum Group
The academic distribution arm of bankrupt U.K. distributor of United Independent Distributors has been acquired by the publishing services provider Mare Nostrum Group.
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PEN America Union, Management Reach Tentative Agreement
The agreement, which was reached on July 10, follows 21 months of bargaining and comes less than two weeks after members of the staff union PEN America United authorized a strike.
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Vivendi Updates Plans to Spin Off Hachette in Three-Way Split
Vivendi has updated its plans to separate into three entities. One of these would be the newly named company, Louis Hachette Group, which includes Vivendi’s 63.5% majority stake in Lagardère, the parent company of Hachette Livre.
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Random House Is Buying Boom! Studios
The Random House Publishing Group has signed an agreement, expected to close later this summer, to acquire comic book and graphic novel publisher Boom! Studios. Boom! will become part of Random House Worlds.
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RBmedia Agrees to Acquire Dreamscape Media
The pending acquisition of Dreamscape will add more than 7,000 titles to RBmedia's catalog, giving the audiobook publishing giant more depth in such genres as mystery/thriller and romance.
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Booktopia Asks for More Time
A self-imposed deadline of June 28 by Booktopia to revive trading of its stock has come and gone, with the struggling Australian online retailer asking for another delay until July 19.
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Webtoon Raises Over $300 Million in Public Offering
The webcomics pioneer went public June 27 at a $21.00 per share price, the high end of its projected range, and generated total proceeds of about $315 million.
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S&S Partners with Media Company Pave Studios
Pave Studios, launched this spring and active primarily in the podcasting space, has formed a book publishing arm and signed co-publishing and distribution agreements with Simon & Schuster.
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Trip Adler Looks to Build a Bridge Between Creators, AI Companies
The cofounder and former CEO of Scribd envisions Created by Humans as a plug-and-play platform that will encourage AI companies to legally license content from authors and publishers.
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