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Equity Firm Buys Follett School Solutions
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.
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Hachette Book Group Will Acquire Workman Publishing for $240 Million
Workman Publishing, one of the largest and most distinct independent publishers in the country, will be acquired for $240 million by the Hachette Book Group in a deal that is expected to be approved in September.
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Clarivate Purchase of ProQuest Delayed
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.
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Arcadia Buys Commonwealth Editions
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.
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Open Road Buys U.K.'s Bloodhound Books
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.
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Epic Acquired by Global Ed-Tech Giant BYJU’S
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.
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Private Equity Firm to Buy McGraw-Hill for $4.5 Billion
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.
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Readerlink Acquires Activity Publisher Dreamtivity
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.
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Clarivate to Buy ProQuest for $5.3 Billion
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.
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Barnes & Noble's Owner Buys Paper Source
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.
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RBmedia Buys M-H Professional Audiobook Business
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.
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Kakao Entertainment Acquires Radish Reading App
Radish, a mobile reading app offering serialized bingeable genre fiction, has been acquired by Kakao Entertainment in a transaction valued at $440 million.
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HarperCollins Completes Purchase of HMH Trade
The second largest trade publisher in the U.S. has completed its acquisition of Houghton Mifflin Harcourt Books & Media, for $349 million.
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Investment Firm in Deal with RosettaBooks
MEP Capital has made an investment in RosettaBooks in a deal that gives MEP ownership of Rosetta's e-book catalog while leaving the operation of Rosetta unchanged.
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Francisco Partners to Acquire VitalSource from Ingram
Ingram Content Group has reached a deal to sell its digital learning platform VitalSource to Francisco Partners.
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Gendell Files Counterclaim Against McGuigan in Foundry Dispute
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.
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Authors Guild Asks Members to Support PRO Act
The Authors Guild is asking its membership and allies in the publishing industry to contact their senators to express support for the PRO Act, which would extend more collective bargaining power to freelance writers and authors.
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HarperCollins to Acquire HMH Trade
The second largest trade publisher in the U.S. will buy Houghton Mifflin Harcourt Books & Media, generally considered the sixth largest, for $349 million.
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BookClub Venture Prepares for Spring Launch
Scheduled to launch sometime in the spring, BookClub is a virtual book club platform driven by author-led book discussions and designed for mobile devices.
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RBMedia Acquires Spain's Booka
Audiobook company RBmedia has acquired Booka, a Barcelona-based audiobook publishing company, and its full catalog of Spanish language titles.
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