Mergers & Acquisitions

Sourcebooks has reached an agreement with Ebony Magazine Publishing to create a list of Ebony-branded adult books. The first books in the list will be released this fall.

Literati, the Austin, Tex., subscription book box and online book club company, has purchased Follett Book Fairs. The fairs will be rebranded Literati Book Fairs and will continue to service PreK-8 schools around the country starting this spring.

Fable, a mobile platform for online book clubs that launched in early 2021, has announced $20 million in Series A funding, which will used to expand the company's services, such as the recently launched club with 'Lord of the Rings' actor Sean Astin.

RBmedia has entered the German audiobook market using a two-step approach: forming RBmedia Verlag and acquiring German audiobook publisher ABOD to supply titles to the new unit.

Chicago Review Press acquired Interlude Press, a publisher of LGBTQ+ fiction, including YA fiction released under its Duet Books imprint. Interlude has been distributed by CRP's parent company, IPG, since 2019.

U.K-based Bloomsbury Publishing has expanded its presence in the U.S. with the acquisition of the academic and reference publisher ABC-CLIO for a purchase price of $22.3 million. Headquartered in Santa Barbara, ABC-CLIO had sales of $14.7 million in 2020.

U.K-based Bloomsbury Publishing has expanded its presence in the U.S. with the acquisition of the academic and reference publisher ABC-CLIO for a purchase price of $22.9 million. Headquartered in Santa Barbara, ABC-CLIO had sales of $14.7 million in 2020.

After Vivendi finishes acquiring additional shares of Lagardère this week, it will own a 45.1% stake in the company, forcing Vivendi to make a tender offer for all remaining shares.

In a major deal in the bargain book business, Book Depot, the bargain book distributor based in Thorold, Ont., has acquired American Book Company headquartered in Knoxville, Tenn.

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.