Mergers & Acquisitions
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.
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.
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.
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.