More than seven months after Mondadori first offered to buy RCS Media, the sale, for 127.5 million euros — less than Mondadori’s initial offer of 135 million euros– was approved by RCS’s board of directors over the weekend. The deal will still need approval from Italy’s antitrust body, which will take between 60 and 90 days. Should it go ahead the combined RCS Mondadori will account for roughly 35 percent of the Italian trade book publishing market. While Rizzoli, as well as the Bompiani, Marsilio, Fabbri, Bur, Sonzogno, ETAS imprints, will move to Mondadori ownership, as will the education unit, […]
