Bloomsbury announced that it has acquired Rowman & Littlefield’s academic publishing business, comprising over 40,000 titles, for $83 million. They paid $76 million in cash on completion of the deal, with up to $7 million in escrow, to be paid post completion. It’s Bloomsbury’s largest acquisition to date, and doubles the size of their Academic & Professional publishing business in the US, adding to the ABC-CLIO business they acquired in 2020. Rowman & Littlefield’s academic business generated revenue of $36 million in 2023, and profit before tax of approximately $6 million. The sale does not include Rowman & Littlefield’s other […]
