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Control of SAGE Publishing Moves to Trust
In a move to keep the publishing company independent, founder Sara Miller McCune has signed over her voting shares and company control to the SAGE-SMM Trust.
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Oasis Acquires Enclave Publishing, Expands into Print
Oasis Family Media, which houses Oasis Audio, is expanding into print publishing with the acquisition of Enclave Publishing—an independent press focused on Christian fiction.
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Clarivate Completes ProQuest Acquisition
London-based Clarivate has completed its $5.3 billion purchase of ProQuest in a deal that creates a powerhouse in the library and information publishing market.
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Teacher Created Materials Buys Free Spirit
Teacher Created Materials has acquired Minneapolis-based Free Spirit Publishing for an undisclosed price. The purchase involves about 300 titles, most focused on social and emotional learning for young people.
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Investment Group Led by David Steinberger Buys Open Road
A newly formed investor group led by David Steinberger has acquired Open Road Integrated Media for a purchase price reported to be between $60 million and $80 million.
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Sweden's Storytel Buys Audiobooks.com
Storytel, the international audiobook streaming company, is buying Audiobooks.com from KKR, owner of RBMedia, for an undisclosed amount. This marks the fast-growing company's entry into the English-language audiobook market.
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Spotify Expands in the Audiobook Business
Looking to accelerate its expansion into the audiobook market, the Swedish audio streaming subscription service giant Spotify has agreed to acquire Ohio-based digital audiobook distributor Findaway for an undisclosed price.
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Follett Sells Baker & Taylor to B&T CEO
The makeover of Follett Corp. continues with the announcement that it has sold Baker & Taylor to a private investment company led by Aman Kochar, B&T CEO and president.
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IPG Buys U.K Distribution Company United Independent Distributors
Independent Publishers Group has acquired U.K.-based United Independent Distributors. IPG CEO Joe Matthews called the deal a “game-changing acquisition,” and one that will make IPG one of the world’s largest book distributors for indie publishers.
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HBG Completes Purchase of Workman
The Hachette Book Group has completed its $240 million acquisition of Workman Publishing. Workman will become HBG's eighth publishing group and will be led by Dan Reynolds, who had been its CEO.
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Hachette Livre May Get New Owner
French conglomerate Vivendi appears headed to win control of Lagardère, owner of Hachette Livre. Vivendi already owns the French publisher Editis, and has been looking to increase its presence in book publishing.
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Capstone Acquires Ed-Tech Tool Buncee
Capstone, publisher of children’s books and K-5 ed-tech content, has acquired Buncee, a digital creation, collaboration, and communication tool for students and educators.
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Equity Firm Buys Follett School Solutions
Follett Corp. has sold its K-12 software and content division, Follett School Solutions, to the investment firm Francisco Partners. Britten Follett, who remains in a leadership role at FSS, said that the deal gives the company more funding to expand in the educational technology space.
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Hachette Book Group Will Acquire Workman Publishing for $240 Million
Workman Publishing, one of the largest and most distinct independent publishers in the country, will be acquired for $240 million by the Hachette Book Group in a deal that is expected to be approved in September.
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Clarivate Purchase of ProQuest Delayed
After receiving a second notice for information from the FTC, Clarivate said it has extended the deadline for completing its $5.3 billion purchase of ProQuest from November 8, 2021, to December 31, 2021.
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Arcadia Buys Commonwealth Editions
Arcadia Publishing has acquired Commonwealth Editions, the regional publishing imprint of Carlisle, Mass.–based Applewood Books. The purchase, which includes a mix of adult and children’s titles, adds more than 300 titles to Arcadia's list.
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Open Road Buys U.K.'s Bloodhound Books
Open Road Integrated Media has acquired Bloodhound Books, a U.K.-based publisher of e-books and print titles. Founded in 2014, Bloodhound has a backlist of about 600 fiction titles, and has sold approximately six million copies of its books worldwide.
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Epic Acquired by Global Ed-Tech Giant BYJU’S
Epic, whose digital reading platform features more than 40,000 books, audiobooks, and videos for children, has been acquired by the India giant BYJU's for $500 million.
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Private Equity Firm to Buy McGraw-Hill for $4.5 Billion
Eight years after it bought McGraw-Hill Education for $2.4 billion, Apollo Global Management has reached an agreement to sell the company to another private equity firm, Platinum Equity, for $4.5 billion.
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Readerlink Acquires Activity Publisher Dreamtivity
Readerlink has acquired the brand and assets of Dreamtivity from Retail Centric Marketing. A publisher of coloring and activity books plus arts and crafts products, Dreamtivity will become an imprint of Readerlink's Printers Row publishing division.
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