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Blackboard Owners Hire Bankers to Sell Company

Software company Blackboard, a staple of high school and college classrooms, is exploring a sale, hoping for a valuation of up to $3.4 billion, Reuters reports. According to "people familiar with the matter" Blackboard's majority owner Providence Equity Partners has hired Deutsche Bank and Bank of America to run an auction and…

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Briefs: Another Pearson Sale, RCS to Meet on Mondadori Offer, and More

Following their big £844 million sale of the FT to Nikkei, Pearson acknowledged over the weekend that they are in talks with the co-owners of The Economist about selling their 50 percent stake in that organization as well. A Bloomberg source says that separate sale could yield another £400 million…

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Pearson to Sell FT Group to Nikkei

Following reports that started with Bloomberg on Monday, Pearson announced that it will sell the FT Group to Nikkei for £844 million (or about $1.3 billion at current conversion rates). The sale is expected to close in the fourth quarter, and does not include the FT's London property at One Southwark Bridge and Pearson's…

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Google Play Growth Continues; Layoffs at Pearson US

Google reported stronger than expected second quarter results after the close of the market on Thursday and shares have spiked as result. The market is focused on improved YouTube ad sales and mobile search business, but we keep a narrower focus on the Google Play store -- which is reported…

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After Education Spinoff, Barnes & Noble Will Reinstate Dividend

Barnes & Noble announced a final date for the BN Education spinoff -- distributing the new stock on August 2 (to BN shareholders of record as of July 27). BNED stock is expected to begin trading on a "when-issued" basis starting July 23 and will convert to regular trading on August 3. More importantly…

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Andersons Get "Definitive Agreement" to Buyout Books-A-Million For $21 Million

Six months after their latest offer to take Books-A-Million private, the controlling Anderson family has reached a deal to buyout shareholders of the country's second-largest book retailer for approximately $21 million, an improved offer of $3.25 a share. (Previously, they offered $17 million, or $2.75 a share.) Unanimously approved by a special board…

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Court to Decide If Revised Family Christian Buyout Goes to Creditor Vote

The bankruptcy court is set to hold a hearing today on a new set of proposals from Family Christian Stores to put a revised buyout offer from FCS Acquisition to a vote among the creditors. Their previous bid of $43 million has been increased to a range of between $52.4 million…

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RCS Weighing Formal Buyout Offer from Mondadori, As Three Italian Agencies Merge

Catching up on news from last week, Italy's Mondadori Libri formalized their initial February offer to buy their biggest competitor, RCS Libri. The proposed price was not announced, but the Italian press says the offer was for 135 million euros (after a range of 125 million to 150 million euros…

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Six Months of M&A

It has been another busy year of mergers and acquisitions in the publishing space, though not with the same volume that we saw in 2014. But there have been billions of dollars of transactions already, with no shortage of deals of scale -- including the sales of OverDrive and Scholastic's…

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Boire Named Barnes & Noble CEO; Carey Promoted to COO

Barnes & Noble has appointed Ronald D. Boire, currently president & chief executive officer of Sears Canada, as ceo of its retail business, effective September 8. Boire will succeed Michael Huseby who -- as announced last week -- will become executive chairman of Barnes & Noble Education once the company is…

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