PGW and Avalon: Picking Up the Pieces The Perseus Books Group’s intended acquistion of Avalon will play a large role in shaping the fate of PGW and its other clients, though purchase discussions began in earnest last fall and “when the bankruptcy occurred we basically accelerated it,” Perseus CEO David Steinberger says. As we suggested yesterday before the announcement, PGW without its biggest client is a different proposition to prospective buyers and the Avalon sale potentially puts Perseus in the driver’s seat in shaping the fate of PGW’s clients. Will they have helped kill PGW, save it, or some combination […]