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.
Mergers & Acquisitions
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.
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.
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.
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.
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.