More consolidation has hit the Russian book market as Oleg Novikov, the owner of AST and Eksmo, has agreed to purchase Drofa, a leading education publisher.
Surprise, Doubt as US Publishers Learn of Perseus Sale to Hachette
A publishing dinner party in Berlin went glum as six independent publishers learned they would suddenly have a new distributor, a result of Hachette’s acquisition of Perseus.
To Tango, Flamenco and Samba: Penguin Random House Merger with Santillana
The Penguin Random House deal to absorb Santillana’s trade lines has serious implications for the Spanish-book market, but the outlier in the deal is Brazil.
Polish Bookstore Chain Sale Could Reshuffle Market
Poland’s second-largest bookstore chain, Matras, is set to be sold. Potential buyers include book distributor FK Olejesiuk and a consortium of publishers, led by Prószyński.
Hungary’s Top Online and B&M Bookstore Chain Merge
Seeking sale synergies, Bookline.hu, Hungary’s top online bookseller has merged with Libri, the country’s largest bookstore chain.
Eksmo and AST: Russia’s Two Publishing Giants Merge
Eksmo, Russia’s leading publishing company, has officially taken over its main rival AST, bringing the country even closer to consolidation.
The How, What, and Why of Lean Mergers and Acquisitions
John Styring, CEO of IglooBooks, talks about the process of acquiring another press, having just completed a successful acquisition of France’s Elcy Editions.
Will Self-Publishing Counterbalance Trade Publishing Consolidation?
More traditional publishers will likely merge over the next decade, further consolidating power. but as self-publishers continue to organize, they offer a viable alternative.
BBC Sells Lonely Planet for $78m, a 60% Drop in Value
BBC is selling Lonely Planet, to NC2 Media, a Nashville-based digital media company, for $77.8 million — $120 million less than what BBC bought it for in 2007.
With Gallimard as Sole Suitor, Flammarion Questions Sale
Left with no other bidders, Italy’s RCS Mediagroup must decide whether Gallimard’s offer of 200 million euros for Flammarion is enough to justify letting it go.