Grove Atlantic is selling a portion of its majority stake in the UK’s Atlantic Books, remaining as “a significant minority shareholder,” while Australia’s Allen and Unwin is becoming a “significant” shareholder itself. The company is said to have obtained “substantial” (we don’t know if that’s more or less than significant) new financing as well, in part to help drive the expansion of the Corvus line–all logical developments following Anthony Cheetham’s joining the company earlier this year.
Morgan Entrekin will remain on the Atlantic Books board, now joined by Atlantic’s editor-in-chief Ravi Mirchandandi.
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