Penguin Random House parent company Bertelsmann will acquire Simon & Schuster. If the sale is approved by regulators, the Big Five will become the the Big Four.
New Insights Emerge Into Bidders for Simon & Schuster
The chatter is getting louder around the Simon & Schuster sale story, with News Corp arriving as another name associated with the process.
Report: Germany’s Bertelsmann Interested in Buying Simon & Schuster
ViacomCBS is expected to reactivate the sale process for Simon & Schuster this month, and Bertelsmann’s chief says he’s interested.
Denmark’s Saga Egmont on Its Acquisition of Spain’s Sonolibro
Having just acquired Sonolibro, Saga Egmont director Lasse Korsemann Horne sees the Spanish-language audiobook market as a key territory for expansion.
Cengage Announces a Termination of Its McGraw-Hill Merger Agreement
The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues and criticism around market dominance and pricing.
Reidy to Staff: ViacomCBS Is Looking to Sell Simon & Schuster
Simon & Schuster’s chief Carolyn Reidy tells the staff in a memo that its parent company, ViacomCBS, will be exploring potential sales of the Big Five publishing house.
The Philippines’ SPi Global Is Buying Springer Nature Group’s SPS
With clients in 30 nations and operational centers in eight, SPi Global says it’s looking to close its acquisition of Springer Nature’s SPS by year’s end.
James Daunt at FutureBook Live: Barnes & Noble’s ‘Crucifyingly Boring’ Stores
Seeing Barnes & Noble stores’ character ‘crushed’ by the corporate ‘opulence’ of American business, James Daunt says the chain must ‘rip out the boring.’
Rights Sellout in Beijing: Why Albatros Media Won’t Be in Shanghai
Having sold the Chinese rights to every children’s title the Czech house took to Beijing, Albatros has nothing left to sell this weekend at Shanghai’s fair.
Industry Notes: Storytel Buys Finland’s Gummerus; McEwan Wins Iceland’s New Prize
Finland’s third largest publisher has been acquired by Sweden’s Storytel. In Iceland this week, the UK’s Ian McEwan is the first recipient of a new award.