and more.
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Globe Pequot Makes Third Acquisition this Year
In its second acquisition in two weeks and third this year, the Globe Pequot Publishing Group has acquired Bower House, an independent book publisher based in Denver.
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Diamond Comic Distributors to Be Sold to Universal, Ad Populum
Diamond Comic Distributors has received court approval to go ahead with the sales of its assets to Universal Distributors and Ad Populum, which filed a joint bid for the bankrupt company. An attempt by rival bidder Alliance to delay the deal failed.
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S&S Inks Joint Venture with Urano World Publishing
The deal teams Simon & Schuster’s bilingual imprint, Primero Sueño Press, with one of the biggest independent publishers in Spain and Latin America across several initiatives.
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More Headaches for Diamond Comic Distributors
In three separate filings, a U.S. trustee moved to convert Diamond’s Chapter 11 bankruptcy case into a Chapter 7, which could liquidate its assets; Diamond once again requested a sale to Universal and Ad Populum, with a twist; and Alliance filed a new lawsuit charging that Diamond inflated the value of its business.
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Alliance Calls Off Diamond Comic Distributors Deal
In yet another twist in the Diamond Comic bankruptcy proceedings, Alliance Entertainment terminated its agreement to purchase the company’s assets the day before an April 25 court hearing. Diamond owners promised to announce a new deal “very shortly.”
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Globe Pequot to Buy Square One Publishers
In its second purchase this year, Jed Lyons’s Globe Pequot Publishing Group has agreed to acquire the nonfiction indie publisher Square One Publishers, which was founded by Rudy Shur in 1999.
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PanelFly Launches Online Marketplace for Comic Book Distribution
Austin-based startup PanelFly has launched what it describes as the first online wholesale marketplace connecting retailers directly with comics publishers.
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WH Smith Bookstores Sold, Renamed TGJones
The 250-year-old U.K.-based chain of 480 outlets has been sold for £76 million to private equity firm Modella Capital and will operate under a new name. The WH Smith brand name and travel divisions were not included in the sale.
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Diamond Comic Distributors Has a Buyer. Now What?
After two months of intense speculation, the comics business finally has an answer to its biggest question of late: the bankrupt Diamond Comic Distributors is slated for acquisition by Alliance Entertainment, a new player in the sector.
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Globe Pequot Agrees to Buy Waterford Press
Globe's purchase of the Florida-based guidebook publisher is its first acquisition since its sister company, Rowman & Littlefield, was sold to Bloomsbury last May. Globe CEO Jed Lyons (pictured) said the purchase marks first of many niche acquisitions that the company hopes to make now that it is focused solely on the trade market.
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