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Clarivate to Buy ProQuest for $5.3 Billion
In a huge deal in the library and information publishing world, London-based Clarivate has agreed to acquire ProQuest, an acquisition expected to be completed later this year.
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Barnes & Noble's Owner Buys Paper Source
Elliott Management, which acquired Barnes & Noble in September 2019, has reached an agreement to buy the stationery retailer Paper Source. B&N CEO James Daunt will add oversight of Paper Source to his responsibilities.
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RBmedia Buys M-H Professional Audiobook Business
RBmedia has acquired the audiobook publishing business of McGraw-Hill Professional in a deal that adds about 400 business books to the audio publisher's list, chief content officer Troy Juliar said.
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Kakao Entertainment Acquires Radish Reading App
Radish, a mobile reading app offering serialized bingeable genre fiction, has been acquired by Kakao Entertainment in a transaction valued at $440 million.
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HarperCollins Completes Purchase of HMH Trade
The second largest trade publisher in the U.S. has completed its acquisition of Houghton Mifflin Harcourt Books & Media, for $349 million.
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Investment Firm in Deal with RosettaBooks
MEP Capital has made an investment in RosettaBooks in a deal that gives MEP ownership of Rosetta's e-book catalog while leaving the operation of Rosetta unchanged.
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Francisco Partners to Acquire VitalSource from Ingram
Ingram Content Group has reached a deal to sell its digital learning platform VitalSource to Francisco Partners.
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Gendell Files Counterclaim Against McGuigan in Foundry Dispute
The drama surrounding Foundry Literary + Media does not look to be ending anytime soon. The acrimonious split of the firm's former co-founders, which saw one principal file suit against the other in January, has now resulted in a legal response.
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Authors Guild Asks Members to Support PRO Act
The Authors Guild is asking its membership and allies in the publishing industry to contact their senators to express support for the PRO Act, which would extend more collective bargaining power to freelance writers and authors.
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HarperCollins to Acquire HMH Trade
The second largest trade publisher in the U.S. will buy Houghton Mifflin Harcourt Books & Media, generally considered the sixth largest, for $349 million.
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BookClub Venture Prepares for Spring Launch
Scheduled to launch sometime in the spring, BookClub is a virtual book club platform driven by author-led book discussions and designed for mobile devices.
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RBMedia Acquires Spain's Booka
Audiobook company RBmedia has acquired Booka, a Barcelona-based audiobook publishing company, and its full catalog of Spanish language titles.
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Japan's Media Do Buys Firebrand
Firebrand Technologies has been acquired by Media Do International, the U.S. subsidiary of Tokyo-based Media Do Ltd., a major e-book distributor. Firebrand founder Fran Toolan will remain CEO for at least the next three years.
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Turner Publishing Buys Prospect Park Books
Turner Publishing Company has acquired Los Angeles-based Prospect Park Books. The purchase adds more than 100 titles to Turner's backlist.
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Authors Guild Asks DoJ to Stop PRH Purchase of S&S
The Authors Guild, along with five other writers’ groups and the nonprofit Open Markets Institute, has sent a letter to the Department of Justice asking the government to block Penguin Random House’s pending acquisition of Simon & Schuster.
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Book Biz Saw Little M&A in 2020, with Some Big Exceptions
Economic uncertainty limited merger and acquisition activity in the book business last year, but there were still a number of significant transactions, including Penguin Random House's planned purchase of Simon & Schuster.
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Pop Culture Veterans Launch Endpaper Entertainment
Endpaper Entertainment is a new content development company focused on producing original stories in a variety of media, formats and genres and is being led by Rich Johnson and Syndee Barwick.
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Wiley Buys Open Access Publisher for $298 Million
John Wiley has expanded its presence in the open access field with the acquisition of Hindawi, a London-based scientific research publisher of more than 200 peer-reviewed scientific, technical, and medical journals. Wiley paid $298 million for Hindawi, which had 2020 revenue of $40 million.
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Atlas Completes Purchase of America's Largest Book Printer
The private equity firm Atlas Holdings has completed its purchase of LSC Communications, the country's largest book printer, which filed for bankruptcy in April.
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Bertelsmann to Buy S&S for $2.2 Billion
Penguin Random House has agreed to acquire Simon & Schuster for $2.175 billion. The deal, which is expected to be completed next year, will combine the country's largest and third largest trade publishers.
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