As Expected, Silver Lake to Take Endeavor Private Again
Endeavor’s controlling owner Silver Lake confirmed on Tuesday that it will take Endeavor private again, but all outstanding stock for $27.50 a share. It took the company multiple attempts to go public in the first place, finally doing so in 2021 at $24 a share. Though Silver Lake’s press release trumpets the value that has been created for shareholders, most outside investors have not reaped any bonanza from Endeavor. The stock was languishing at below $18 a share last fall when the company said it would explore a sale and Silver Lake indicated it was putting together a proposal to […]
Deals Rebounded In the First Quarter, Led By Strong Six-Figure Reports
Deal reports rebounded in the first quarter of 2024, likely helped by an early convening of the London Book Fair and driven by strong investment in adult books. The gains come in comparison to a lower bar from a year ago, when Harper Collins was dealing with a strike and cutbacks. This quarter’s deal volumes were nearly back to the record total from 2022, and six-figure sales hit a new high. Adult fiction sales set a new record, up 20 percent over last year. Adult nonfiction recovered meaningfully from last year’s lull, gaining 10 percent, though still well off its […]
April Book Club Picks
Spotify’s New Audiobook Plan To Launch In Canada, Ireland, and New Zealand
Spotify’s new audiobook plan, which gives Premium subscribers 15 hours of audiobooks per month, will launch in Canada, Ireland, and New Zealand on April 9. The plan previously took effect in the US, the UK, and Australia last fall. Subscribers will have access to 250,000 titles. Payment terms for publishers and authors remain opaque.
Obituary: Maryse Conde
Guadeloupean author Maryse Condé, 90, author of more than 20 novels including Segu and The Children of Segu, as well as memoirs, essays, and children’s books, has died.