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July 11, 2011By Sarah Weinman

Bloomsbury Buys Continuum for $32 Million, Cites “Soft Market” in Interim Statement

July 11, 2011By Sarah Weinman

Bloomsbury announced that it has bought academic publisher Continuum from Nova/Paul Investments Capital and management shareholders for approximately £20.1 million (or $32 million) in cash. In a statement the company’s board said it “has been looking for a transformational acquisition to act as the cornerstone of its Academic & Professional division.” Continuum marks the sixth academic publisher Bloomsbury has bought over the past five years, and for the first time it provides a New York-based academic publishing office, with its own editorial and marketing team. Continuum forecasts EBITA of £0.6 million for the year ending June 30 on sales of […]

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