Mergers & Acquisitions
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.
Arcadia Publishing has acquired Commonwealth Editions, the regional publishing imprint of Carlisle, Mass.–based Applewood Books. The purchase, which includes a mix of adult and children’s titles, adds more than 300 titles to Arcadia's list.
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.
Epic, whose digital reading platform features more than 40,000 books, audiobooks, and videos for children, has been acquired by the India giant BYJU's for $500 million.
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.
In a huge deal in the library and information publishing world, London-based Clarivate has agreed to acquire ProQuest, an acquisition expected to be completed later this year.
Elliott Management, which acquired Barnes & Noble in September 2019, has reached an agreement to buy the stationery retailer Paper Source. B&N CEO James Daunt will add oversight of Paper Source to his responsibilities.
RBmedia has acquired the audiobook publishing business of McGraw-Hill Professional in a deal that adds about 400 business books to the audio publisher's list, chief content officer Troy Juliar said.
Radish, a mobile reading app offering serialized bingeable genre fiction, has been acquired by Kakao Entertainment in a transaction valued at $440 million.