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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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Sweden's Storytel Buys Audiobooks.com
Storytel, the international audiobook streaming company, is buying Audiobooks.com from KKR, owner of RBMedia, for an undisclosed amount. This marks the fast-growing company's entry into the English-language audiobook market.
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Spotify Expands in the Audiobook Business
Looking to accelerate its expansion into the audiobook market, the Swedish audio streaming subscription service giant Spotify has agreed to acquire Ohio-based digital audiobook distributor Findaway for an undisclosed price.
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Follett Sells Baker & Taylor to B&T CEO
The makeover of Follett Corp. continues with the announcement that it has sold Baker & Taylor to a private investment company led by Aman Kochar, B&T CEO and president.
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IPG Buys U.K Distribution Company United Independent Distributors
Independent Publishers Group has acquired U.K.-based United Independent Distributors. IPG CEO Joe Matthews called the deal a “game-changing acquisition,” and one that will make IPG one of the world’s largest book distributors for indie publishers.
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HBG Completes Purchase of Workman
The Hachette Book Group has completed its $240 million acquisition of Workman Publishing. Workman will become HBG's eighth publishing group and will be led by Dan Reynolds, who had been its CEO.
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