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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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Blue Star Press Steps Up
Bend, Ore.–based publisher Blue Star Press's purchase of Sasquatch Books from Penguin Random House earlier this month is the latest effort by the company's cofounder and CEO Peter Licalzi to build a mid-size independent publisher.
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Penguin Random House Will Expand Its Indiana Warehouse
The publisher has reached an agreement with officials in Crawfordsville, Ind., to expand its distribution facility in the city, and will receive $5.6 million in tax incentives to do so.
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College Community Rallies Against DOE Effort that Would Upend Inclusive Access Programs
The college instructional materials community and a number of book business organizations are in the final stages of trying to fight off a plan by the Department of Education that would make it more cumbersome for college students to take part in programs that permit them to buy instructional materials at a discount.
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Blue Star Press Buys Sasquatch Books from PRH
Bend, Ore.–based Blue Star Press has acquired Sasquatch Books from Penguin Random House, which had bought the Seattle-based publisher and distribution client in 2017.
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Bloomsbury Buys Rowman & Littlefield Academic Division for $83 Million
In one bold move, the Bloomsbury accomplished two of its main goals for the year: adding to its academic holdings and expanding its presence in the U.S.
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Pushkin Press Acquires Steerforth Press and Hanover Publisher Services
Pushkin Press, the London-based publisher, has acquired New Hampshire–based narrative nonfiction publisher Steerforth Press and its sister company Hanover Publisher Services.
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Indigo Shareholders Approve Sale of Canada's Largest Bookstore Chain
By large majorities, Indigo shareholders approved the sale of the Canadian bookstore chain to private equity firms controlled by Canadian billionaire Gerald Schwartz, an Indigo board member and the husband of Indigo founder and CEO Heather Reisman.
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Abrams Buys Taunton Books
Following its acquisition of Taunton Press in December, the enthusiast magazine publisher Active Interest Media has sold the Taunton Books imprint to Abrams.
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TokyoPop Moves Its Distribution to Penguin Random House
Beginning January 1, Penguin Random House Publisher Services will sell and distribute the entire TokyoPop frontlist and backlist across all sales channels worldwide.
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IPG, Itasca Add More Small Press Distribution Clients
Independent Publishers Group and Itasca Books have both signed former SPD clients to new distribution deals. IPG has taken on nine new publishers, while Itasca has picked up five.
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Arcadia Publishing Acquires Dry Climate Studios
The purchase of children's publisher Dry Climate, best known for its alphabetical books spotlighting cities, states, and regions across the U.S., is the latest in a string of acquisitions made by the regional books publisher Arcadia.
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Simon & Schuster Acquires Dutch Publisher Veen Bosch & Keuning
S&S has acquired VBK, the largest Dutch book publishing house, and its subsidiaries and sister companies. The move marks the first major instance of a promised international expansion at S&S since its acquisition by private equity firm KKR last year.
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Agate Rolls Out Its Publishing Academy
Doug Seibold, founder of Agate Publishing, has begun marketing the Agate Publishing Academy, a program he created to provide an affordable online professional development option to aspiring publishers and book business veterans alike.
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Barnes & Noble Education Strikes New Financing Agreement
For the second time in less than a year, Barnes & Noble Education has reached a last-minute agreement that provides the company with the liquidity it needs to continue to operate.
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Rizzoli International to Acquire Chelsea Green Publishing
The New York City–based subsidiary of Italian publisher the Mondadori Group has agreed to acquire the White River Junction, Vt.–based independent book publisher of titles on politics and sustainability.
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PWxyz, Lantia End Relationship
The parent company of 'Publishers Weekly' and the Seville, Spain–based publishing company have ended their business arrangement. With the end of the agreement, Lantia will no longer publish the bimonthly publication 'PW en Español.'