Fran Toolan remains CEO for at least three years, as the US subsidiary of Tokyo’s Media Do acquires all shares of Firebrand and NetGalley.
The merger between Canada’s Wattpad and South Korea’s Naver, says Allen Lau, is built on audience and platform expansion.
Toronto-based Wattpad will retain its leadership team following its acquisition by South Korean tech company Naver, in a US$600 million cash and stock deal.
en titles from illustrator Robert Ingpen now form the basis of a new UK children’s book publishing imprint, Welbeck Children’s Classics.
Wiley announces a head-turning $298 million acquisition of Hindawi that Jay Flynn says can help ‘drive the global research community forward.’
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.
The chatter is getting louder around the Simon & Schuster sale story, with News Corp arriving as another name associated with the process.
ViacomCBS is expected to reactivate the sale process for Simon & Schuster this month, and Bertelsmann’s chief says he’s interested.
Having just acquired Sonolibro, Saga Egmont director Lasse Korsemann Horne sees the Spanish-language audiobook market as a key territory for expansion.
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.