Mergers & Acquisitions
Penguin Random House has posted the winning bid to acquire the book publishing assets of F+W Media.
Elliott Advisors, which bought the U.K. bookstore chain Waterstones in April 2018, has signed a definitive agreement to buy Barnes & Noble in a deal valued at about $683 million.
According to a report in the 'Wall Street Journal,' the private equity firm Elliott Management, which bought U.K. bookstore chain Waterstones in April 2018, is close to acquiring Barnes & Noble.
Penguin Random House has acquired a 45% stake in Sourcebooks, the independent publisher founded by Dominique Raccah in 1987, which has shown rapid growth in the children's sector.
CJK Group will make Thomson-Shore’s Dexter, Mich., production facility a warehouse and offered jobs to roughly formerly 100 workers.
The CJK Group has moved ahead with the purchase of the assets of Dexter, Mich.-based printer Thomson-Shore. The asset acquisition follows the March 25 bankruptcy filing of Thomson-Shore.
McGraw-Hill and Cengage announced that they have entered into a definitive agreement to combine in an all-stock merger on equal terms. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will bring together two premier learning companies that will deliver significant benefits for students, educators, professionals and institutions worldwide.
Highlights has sold its trade book publishing arm to Kane Press, effective immediately.
As large educational publishers struggle to keep up with the rapid changes in both the K-12 and higher education markets, McGraw-Hill and Cengage have agreed to merge in deal that will create a $3.2 billion learning company.
Peter Schaefer, a principal at New Direction Partners, and Mark Michelson, editor-in-chief of Printing Impressions, predict how the U.S. Department of Justice, Antitrust Div., will rule on the pending acquisition of LSC by Quad. They also discuss — assuming the deal gets finalized — how it will ultimately impact the book printing landscape.