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 […]

As expected, Indigo shareholders voted to approve the sale of the Canadian bookselling chain to Trilogy Investments, formalizing a plan that was set in motion in February. “We are pleased with the result of today’s vote and look forward to continuing our work on Indigo’s transformation strategy,” CEO Heather Reisman said in a release. “We remain deeply committed to our customers and to all our stakeholders as we work together to inspire reading and enrich the lives of booklovers across the country.” The deal is expected to be effective on May 31 after regulatory approval.