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Second Time’s A Charm: Perseus Sells Publishing Lines to Hachette

March 1, 2016
By Michael Cader

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 […]

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Filed Under: Finance

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