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University of Georgia Press Acquires NewSouth Books
The University of Georgia Press has acquired NewSouth Books, the independent trade publisher based in Montgomery, Ala.
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Diversion in Partnership Deal to Form Diversion Audio
Scott Waxman has struck a deal with Gemini XIII to form Diversion Audio, a new company that will expand on Diversion Podcasts, which Waxman started in 2020 to develop original nonfiction audio series hosted by veteran nonfiction authors.
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Sterling Publishing Buys Knock Knock
Sterling Publishing, the publishing division of Barnes & Noble, has made its second acquisition in little more than a month, acquiring the gift and publishing company, Knock Knock.
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Pearson Rejects Unsolicited Acquisition Offer
Pearson issued an announcement Friday confirming that since November, it has rejected two unsolicited takeover offers from the Apollo Global Management equity firm.
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Draft2Digital to Acquire Smashwords
In a deal that unites two of the largest independent distributors of self-published books, Draft2Digital has agreed to acquire Smashwords for an undisclosed price. The purchase is expected to be complete by March 1, at which time the combined company will operate under the Draft2Digital name.
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Lakeside Book Company to Buy Phoenix Color
Lakeside Book Company, the book printing division of LSC Communications, will acquire Phoenix Color from ALJ Regional Holdings for $134.8 million.
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Follett Sells Higher Education Business to Investor Group
Follett Corporation has sold Follett Higher Education to a group of private investors led by Jefferson River Capital. The sale completes the Follett family’s exit from the education business after nearly 150 years.
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Sourcebooks, Ebony Ink Deal for Adult Books
Sourcebooks has reached an agreement with Ebony Magazine Publishing to create a list of Ebony-branded adult books. The first books in the list will be released this fall.
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Literati Acquires Follett Book Fairs
Literati, the Austin, Tex., subscription book box and online book club company, has purchased Follett Book Fairs. The fairs will be rebranded Literati Book Fairs and will continue to service PreK-8 schools around the country starting this spring.
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Fable Raises $20 Million, Partners with Bookstore
Fable, a mobile platform for online book clubs that launched in early 2021, has announced $20 million in Series A funding, which will used to expand the company's services, such as the recently launched club with 'Lord of the Rings' actor Sean Astin.
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RBmedia Enters the German Audiobook Market
RBmedia has entered the German audiobook market using a two-step approach: forming RBmedia Verlag and acquiring German audiobook publisher ABOD to supply titles to the new unit.
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Chicago Review Press Acquires Interlude Press
Chicago Review Press acquired Interlude Press, a publisher of LGBTQ+ fiction, including YA fiction released under its Duet Books imprint. Interlude has been distributed by CRP's parent company, IPG, since 2019.
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Bloomsbury Buys ABC-CLIO for $22.9Million
U.K-based Bloomsbury Publishing has expanded its presence in the U.S. with the acquisition of the academic and reference publisher ABC-CLIO for a purchase price of $22.9 million. Headquartered in Santa Barbara, ABC-CLIO had sales of $14.7 million in 2020.
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Vivendi to Pursue Total Ownership of Lagardère
After Vivendi finishes acquiring additional shares of Lagardère this week, it will own a 45.1% stake in the company, forcing Vivendi to make a tender offer for all remaining shares.
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Book Depot Acquires American Book Company
In a major deal in the bargain book business, Book Depot, the bargain book distributor based in Thorold, Ont., has acquired American Book Company headquartered in Knoxville, Tenn.
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Control of SAGE Publishing Moves to Trust
In a move to keep the publishing company independent, founder Sara Miller McCune has signed over her voting shares and company control to the SAGE-SMM Trust.
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Oasis Acquires Enclave Publishing, Expands into Print
Oasis Family Media, which houses Oasis Audio, is expanding into print publishing with the acquisition of Enclave Publishing—an independent press focused on Christian fiction.
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Clarivate Completes ProQuest Acquisition
London-based Clarivate has completed its $5.3 billion purchase of ProQuest in a deal that creates a powerhouse in the library and information publishing market.
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Teacher Created Materials Buys Free Spirit
Teacher Created Materials has acquired Minneapolis-based Free Spirit Publishing for an undisclosed price. The purchase involves about 300 titles, most focused on social and emotional learning for young people.
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Investment Group Led by David Steinberger Buys Open Road
A newly formed investor group led by David Steinberger has acquired Open Road Integrated Media for a purchase price reported to be between $60 million and $80 million.
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