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Germany's Txtr Files for Insolvency

German ebook solutions and services provider Txtr filed for insolvency proceedings with a German District Court, which has appointed a provisional administrator to oversee the sale of the company's assets. People familiar with the situation say that Txtr had been exploring a sale in recent months, and it's now expected that…

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Courier Will Weigh New Bid from RR Donnelly

Following Courier Corp.'s definitive merger agreement with Quad/Graphics, on Tuesday morning competitor RR Donnelly made a higher, unsolicited buyout bid, offering $23 a share -- $2.50 more per share (or approximately $15 million higher) than the Quad/Graphics payment. Already facing the typical shareholder "investigations" over the Quad/Graphics merger, Courier announced Wednesday morning…

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Announcements: Oyster Adds Harry Potter, R&L Buys Chase's

eBook subscription service Oyster announced on Wednesday morning that they have added the Harry Potter series to their collection, along with 3 Hogwarts Library titles. Amazon first licensed the Potter books from Pottermore for borrowing in May 2012, originally on an exclusive basis "at least until 2014," for inclusion in their…

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Publishing Technology Realigns Revenues, Negotiates with New Investor

Software and services provider Publishing Technology announced that their recognized revenues and operating loss for 2014 will be "materially below market expectations." One part was planned, as the company implemented a realignment of revenue recognition that reduces 2014's results and will boost sales and margins in 2015 and 2016. The second part,…

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With No Buyers, Egmont Will Simply Close US Publishing Division

After putting Egmont USA up for sale last October, parent company Egmont Publishing announced that it "has decided to close the office, effective from January 31," since "attempts to sell" the unit "have not resulted in any final agreements." January 30 will be the last day of employment for Egmont…

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Barnes & Noble Retail CEO Mitch Klipper To Retire (But Stay On As Real Estate Advisor)

Barnes & Noble's chief executive for the retail group, Mitchell Klipper, will retire from his role on May 2 (the end of BN's 2015 fiscal year) after more than 28 years with the company, though he will stay on with the company as special advisor on real estate and other…

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Quad/Graphics to Acquire Courier for $129 Million In Cash and $130 Million In Stock

On Friday, in the ever-consolidating printer sector, Quad/Graphics announced an agreement to acquire Courier Corp. for $129 million in cash and approximately 4.8 million shares of stock. Quad/Graphics says the deal "accelerates [its] three-year strategy to transform its book platform, which the company announced earlier this week." The deal is expected to…

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European Commission Moving Towards Tax Ruling Against Amazon and Luxembourg

Per the article we clipped yesterday, moving at the speed of bureaucracy, on Friday the European Commission published its preliminary finding that the 2003 tax agreement between Luxembourg and Amazon's European holding company based in that country violates EU treaties. "The Commission is of the opinion that the Amazon ruling [from…

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Macmillan Science and Education to Merge with Springer Science

In a structure reminiscent of the Penguin Random House merger, two science and education giants are coming together in a cashless merger: Holtzbrinck's Macmillan Science and Education (comprising Nature, Palgrave Macmillan and Macmillan Education globally but not in the US) is combining with Springer Science+Business Media (owned by funds advised by BCP),…

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Recorded Books Acquires Tantor Media

Recorded Books has acquired audio publisher Tantor Media, with a catalog of approximately 5,000 titles. Sale terms were not officially disclosed but the NYT reports the price was "about $25 million." Private equity firm Wasserstein & Co. acquired Recorded Books from Haights Cross Communications a little less than a year ago, and then they…

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