Further to recent reports that storytelling website Wattpad had put itself up for sale, on Tuesday publicly-held Korean internet conglomerate Naver said it would acquire Wattpad for cash and stock valuing the company at over $600 million. (The mix of cash versus stock is not being disclosed at this time.) Korea’s largest search engine, Naver’s…
eNews
eBook Player Glose Is Acquired by Medium
In its ever-ambitious search for a business model and clear expression of why it exists at all, website Medium has acquired Paris-based Glose — an ebook platform and store, perhaps best known in the trade as the ebook vendor HarperCollins switched to for selling their ebooks directly to customers, after BookShout went of out of…
Wattpad Said to be Looking for A Big Sale
After receiving unsolicited interest from a US internet company last fall, Wattpad is reported to have invited bids for the company. The company is “now in active talks with multiple interested parties and could sign a deal as early as this month,” the Globe and Mail reports. By their account they are “in talks with…
Corporate: Netflix Settles with Chooseco, and More
Chooseco’s lawsuit against Netflix over their interactive film Black Mirror: Bandersnatch has been settled, as the parties informed US District Court Judge William Sessions III on Monday at a status conference. The terms remain confidential, but “the parties did tell the judge of one slightly unusual condition — the judge’s Feb. 2020 opinion denying Netflix’s dismissal…
People, Etc.
Kelsey Nolan has joined Ze Books and Unnamed Press as a publicity and marketing manager. She previously worked at the Los Angeles Times as the events programming manager. Cindy Kim has been promoted to associate editor for Little Simon. Andree Abecassis, 81, died November 4 at home in Berkeley, CA, following a brief struggle with…
People, Etc.
Annysa Polanco has been promoted to director, diversity, equity & inclusion at Penguin Random House. In the coming year, the company will add “more fully-dedicated positions” in diversity, equity & inclusions roles across the divisions, including a new “board-level DE&I leadership position” that will report directly to PRH US ceo Madeline McIntosh. Polanco will report…
