The deal to sell the Perseus Book Group that fell apart at the last minute in August 2014 has returned: After an open sale process that began in September 2015, conducted by Greenhill & Co., the initial result is essentially the same. Hachette Book Group has made a “binding commitment” to purchase the Perseus publishing imprints (Basic, Public Affairs, Running Press, Avalon Travel, Seal Press, academic textbook publisher Westview Press, the Weinstein Books joint-venture and a partnership with Nation Books — comprising about 6,000 titles). “The transaction is expected to close after regulatory approval is received.” As before, the purchase […]
