Mergers & Acquisitions

Sweden's Storytel Buys
November 14, 2021

Storytel, the international audiobook streaming company, is buying from KKR, owner of RBMedia, for an undisclosed amount. This marks the fast-growing company's entry into the English-language audiobook market.

Spotify Expands in the Audiobook Business
November 12, 2021

Looking to accelerate its expansion into the audiobook market, the Swedish audio streaming subscription service giant Spotify has agreed to acquire Ohio-based digital audiobook distributor Findaway for an undisclosed price.

Follett Sells Baker & Taylor to B&T CEO
November 4, 2021 at 1:00 am

The makeover of Follett Corp. continues with the announcement that it has sold Baker & Taylor to a private investment company led by Aman Kochar, B&T CEO and president.

IPG Buys U.K Distribution Company United Independent Distributors
October 20, 2021 at 1:00 am

Independent Publishers Group has acquired U.K.-based United Independent Distributors. IPG CEO Joe Matthews called the deal a “game-changing acquisition,” and one that will make IPG one of the world’s largest book distributors for indie publishers.

HBG Completes Purchase of Workman
September 23, 2021 at 1:00 am

The Hachette Book Group has completed its $240 million acquisition of Workman Publishing. Workman will become HBG's eighth publishing group and will be led by Dan Reynolds, who had been its CEO.

Hachette Livre May Get New Owner
September 16, 2021 at 1:00 am

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.

Capstone Acquires Ed-Tech Tool Buncee
September 14, 2021 at 1:00 am

Capstone, publisher of children’s books and K-5 ed-tech content, has acquired Buncee, a digital creation, collaboration, and communication tool for students and educators.

Equity Firm Buys Follett School Solutions
September 1, 2021 at 1:00 am

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.

Clarivate Purchase of ProQuest Delayed
August 11, 2021 at 1:00 am

After receiving a second notice for information from the FTC, Clarivate said it has extended the deadline for completing its $5.3 billion purchase of ProQuest from November 8, 2021, to December 31, 2021.