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Wiley to Acquire Atypon For $120 Million

John Wiley announced Thursday afternoon an agreement to pay $120 million in cash to acquire Santa Clara, CA-based publishing-software company Atypon. Through their Literatum platform for journal delivery, Atypon serves the STM and scholarly markets with software that "gives publishers direct control over how their content is displayed, promoted and monetized on the web." Privately-held Atypon is…

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PRH Will Consolidate Penguin Employees In Broadway Building in Early 2019

Penguin Random House ceo Markus Dohle announced to staff in a letter that Penguin employees currently working at 375 Hudson Street and 345 Hudson Street will move uptown in early 2019 as the company takes over "essentially" the entire office space at 1745 Broadway. (The building has a residential component comprising…

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Quarto Acquires becker&meyer

In advance of its half-year results releasing tomorrow, Quarto announced that it has acquired Bellevue, WA-based publisher becker&meyer! from the McEvoy Group for an initial $9.8 million. The acquisition price may also increase due to a working capital adjustment payment capped at $1m and further deferred contingent consideration of up…

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Briefs: Pocket Constitution Sales Rise After Khan Speech; A Local Line for S&S India; and More

Khizr Khan's speech at the Democratic National Convention has boosted distribution of the US Constitution. A $1 Pocket Constitution published by The National Center for Constitutional Studies -- similar to the one Khan displayed during his speech, but not the same edition -- moved 45,000 copies on Amazon between Saturday morning and…

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Briefs: Cooke International Bought Out By Its Agents; Hachette Titles on Tapas App

In Canada, Suzanne Brandreth and Ron Eckel are now full owners of The Cooke Agency International, the foreign rights branch of The Cooke Agency, after both being responsible for its day-to-day operations for the past three years. Dean Cooke and Sally Harding will remain owners of the originating agency, and…

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Briefs: Emeritus Pope Benedict's 'Last Testament'; Rakuten Takes Minority Stake in getAbstract; and More

Forthcoming Bloomsbury will publish Emeritus Pope Benedict's Last Testament worldwide in November, in which the retired pope will formally break his silence after being the first Pope to resign from his position in 750 years. Bloomsbury says Pope Benedict will address "controversies and reveals how at his late age, governing…

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Hastings to Liquidate Between Now and October 31

Per our previous reports, the stalking horse bid from liquidators Hilco and Gordon Brothers has prevailed, and it appears that no other offers were made at Wednesday's scheduled auction. While the plan requires final acceptance by the Bankruptcy Court on Friday, complete documents for a "notice of successful bidder and…

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Liquidators Approved As Hastings Stalking Horse Bidder

At a hearing on Monday afternoon, a Delaware Bankruptcy Court judge approved the stalking horse bid for the inventory of Hastings Entertainment from liquidators Gordon Brothers and Hilco that we reported on last Friday. Per that earlier report, the bid "provides for a guaranteed payment of 75 percent of the cost of the…

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Random House Studio Taken Over By Bertelsmann's FremantleMedia

Random House Studio, the eleven-year-old film and television group operated by Penguin Random House, has been "acquired by" and transferred over to FremantleMedia North America, part of PRH parent company Bertelsmann's RTL division. In turn, FMNA has entered into a partnership with Meridian Entertainment, a China-based global content developer that…

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Potential Stalking Horse Bid Has Hastings On Likely Path to Liquidation

With a potential auction -- if there are any bidders -- scheduled for July 20, a number of motions have been filed in which Hasting Entertainment is trying to secure a stalking horse bid. After filing for bankruptcy protection just over a month ago, the distressed entertainment retailer looks to…

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