Bloomsbury has acquired Oxford-based legal publisher Hart Publishing for £6.5 million in cash. The company says the unit is expected to “be immediately earnings enhancing.” The purchase is the latest step in their standing promise to boost academic and professional revenues to 50 percent of company sales within 5 years. It also nearly exhausts their cash resources for acquisitions. As of June 30, the company reported cash reserves of £8.5 million. The estimated per-book payouts to ebook consumers as a result of the legal settlements has been increased. Amazon has received attention for an informational post on their forums and email […]
