and more.
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Book Biz Saw Little M&A; in 2020, with Some Big Exceptions
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.
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Pop Culture Veterans Launch Endpaper Entertainment
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.
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Wiley Buys Open Access Publisher for $298 Million
John Wiley has expanded its presence in the open access field with the acquisition of Hindawi, a London-based scientific research publisher of more than 200 peer-reviewed scientific, technical, and medical journals. Wiley paid $298 million for Hindawi, which had 2020 revenue of $40 million.
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Atlas Completes Purchase of America's Largest Book Printer
The private equity firm Atlas Holdings has completed its purchase of LSC Communications, the country's largest book printer, which filed for bankruptcy in April.
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Bertelsmann to Buy S&S; for $2.2 Billion
Penguin Random House has agreed to acquire Simon & Schuster for $2.175 billion. The deal, which is expected to be completed next year, will combine the country's largest and third largest trade publishers.
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Deep Vellum Acquires Dalkey Archive
Deep Vellum Publishing is acquiring the assets of Dalkey Archive Press and will maintain the company as a distinct imprint, publishing new titles as well as maintaining the press's backlist.
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News Corp CEO Sees Antitrust Concerns in PRH Buy of S&S;
Robert Thomson, CEO of HarperCollins parent company News Corp, said during the company's annual meeting that a purchase of Simon & Schuster by Penguin Random House "will clearly be a serious antitrust issue."
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'NYT' Says HC, PRH Top Contenders to Buy S&S;
Saying that private equity firms had dropped out of the bidding, the 'New York Times' reported this morning that the country's first and second largest trade publishers—Penguin Random House and HarperCollins, respectively—were now the favorites to acquire Simon & Schuster, the country's third largest trade publisher.
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Chronicle Buys Game Brands from Wild + Wolf
Chronicle Books has acquired three toy and game brands from Wild + Wolf, a Bath, England–based gift specialist. The deal adds some 350 products to Chronicle's gift and game offerings.
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Bertelsmann Buys Quad's Book Printing Plants
In a deal that closed on October 31, Bertelsmann Printing Group USA’s Berryville Graphics division acquired Quad’s book printing plants in Fairfield, Pa., and Martinsburg, W.Va.
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