and more.
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Qataris Enter Fight Over Lagardère’s Board
The three major shareholders of the parent company of Hachette Book Group—Vivendi, Amber Capital, and Qatar Capital—are now aligned in a push to control four of the nine seats on the company board.
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Foundry's Co-Owners Launching New Companies
The co-founders of Foundry Literary + Media are launching new ventures. Yfat Reiss Gendell and Peter McGuigan, who started the full service firm 13 years ago, are amicably parting ways to create their own agencies: YRG Partners and Ultra Literary.
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Private Equity Firm Agrees to Buy LSC
The private equity firm Atlas Holdings, with the support of a creditor group, has agreed to acquire LSC Communications in a deal that is expected to close before the end of the year.
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Bertelsmann, HarperCollins Show Interest in S&S
In an interview with the 'Financial Times,' Thomas Rabe, chief executive at Penguin Random House's parent company, Bertelsmann, said he was interested in buying Simon & Schuster. Meanwhile, sources confirmed that, at a recent town hall meeting, HarperCollins CEO Brian Murray said HC was also looking into a deal for S&S.
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LSC Auction Delayed Until September 9
The auction to acquire the assets of LSC Communications, which was to take place on September 3, has been postponed until September 9. Bids for the company have not yet been made public.
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Hachette UK Buys Laurence King Publishing
Laurence King Publishing, the original publisher of adult coloring book queen Johanna Basford, has been acquired by fellow U.K.-based publisher Hachette UK in a deal signed August 31.
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Texas Company Launches Five Celebrity Curated Book Clubs
Austin-based Literati is launching five celebrity-branded subscription book clubs, curated by Stephen Curry, Malala Yousafzai, Sir Richard Branson, Susan Orlean, and the Joseph Campbell Foundation.
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KKR Completes OverDrive Purchase
The investment firm KKR has completed its purchase of OverDrive. The deal had first been announced on Christmas Eve.
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Trustbridge Global Media Acquires Walker Books
In another move to broaden its reach in the worldwide children’s book publishing market, Trustbridge has acquired Walker Books, the U.K.-based children’s publisher and owner of Candlewick Press.
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Arcadia Publishing Acquires New Orleans–Based River Road Press
Arcadia Publishing, which specializes in books on local history, has acquired River Road Press, a publisher of books on New Orleans and the surrounding areas. River Road founder Scott Campbell will join Arcadia to head its Pelican Publishing imprint.
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