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Posts tagged mergers

Mick Rooney calls out Bertelsmann on possible Penguin Random House takeover
May 13, 2015 | 12:25 pm

leopard-seal-eats-penguin-3-510x600  Over at The Independent Publishing Magazine, Mick Rooney has just aired the possibility of a full-on Bertelsmann SE takeover of Penguin Random House, taking up Pearson plc's current position and advancing its stake from anywhere between the current 53 percent and 100 percent. This follows a Bloomberg article aired at the time of last autumn's Frankfurt Book Fair, and a recent follow-up Wall Street Journal article, hinging on the expiry of a three-year lock-up period on the Pearson stake, dating from the original deal. Now is the time, evidently. The WSJ article quotes Bertelsmann Chief Executive Thomas Rabe as saying “we will...

Osprey captured by Bloomsbury
December 28, 2014 | 12:25 pm

Any Brit kid who grew up with a love of toy soldiers, model making, war stories, military history, roleplaying games, or wildlife - which probably accounts for most of the now-adult population - will probably have encountered Osprey Books somewhere in their development. These marvelous illustrated folio-style slim volumes with their beautifully detailed paintings of soldiers and materiel of all periods were a staple of my childhood. And now Osprey Publishing, the independent press behind the series, has been snapped up by Bloomsbury Publishing. According to Bloomsbury's announcement: Bloomsbury Publishing Plc ("Bloomsbury") announces that it has today completed the acquisition of the...

Steady prospects ahead for digital media M&A
April 29, 2014 | 4:15 pm

With speculation afoot about an increasing pace of publishing industry consolidation driven by digital disruption, as well as solid examples like the recent  John Wiley & Sons acquisition of CrossKnowledge, there are plenty of signs pointing to a rising tempo of publishing and digital media M&A. So it's interesting to read a more substantial analysis of the near-term prospects, which could perhaps slightly cool the ardor of eager deal seekers. According to industry research center IBISWorld, "the Internet Publishing and Broadcasting industry has attracted a myriad of new entrants due to exponential growth in internet traffic volume and the increasing number...

Penguin Random House CEO makes great Dohle about growth, discoverability
April 11, 2014 | 2:25 pm

penguin random housePenguin  Random House CEO Markus Dohle has given an interview with, which has been shared with the German press. In it, he gives a status report on the integration of Penguin and Random house, particularly in Europe, as well as the company's latest efforts in discoverability and other new horizons of publishing, which he describes as: "A lot of experiments, which also often fail ." Dohle says for one thing that recent signs of publishing M&A picking up should not be taken too seriously - yet. "Much will depend on whether the Penguin Random House fusion works. In the positive...

Hodder picks up Quercus for a song
March 26, 2014 | 4:25 pm

Hachette UK imprint Hodder & Stoughton has acquired Quercus Publishing, hitherto mooted as a potential acquisition target for Amazon Publishing. And the price was a fairly minimal £12.6 million ($20.8 million). The full text of the cash offer document, available online here, states that: "Quercus is an international publisher with offices in London and New York.  Quercus specialises in commercial fiction, non-fiction and children's publishing in digital and print formats and incorporates the MacLehose Press, Jo Fletcher Books and Heron Books imprints. On 17 January, 2014, Quercus released its interim trading statement for the financial year ended 31 December, 2013, in...

What if Amazon bought Barnes & Noble?
March 14, 2014 | 11:12 am

There’s a peculiar phenomenon by which year-old articles sometimes show up again in news aggregators and social network feeds that for some reason see the month and day part of the date and miss the year. (It’s gotten me in trouble before.) But today it brings up an interesting blog post I missed the first time around. And while a lot has changed since the post was written in March 2013, it still bears a little bit of thinking about: might or should Amazon buy the struggling Barnes & Noble? There’s been a lot of speculation...

Quercus sale points to new wave of publishing M&A?
January 24, 2014 | 11:15 am

Many commentators took the announcement by Quercus Publishing plc that "it would be in the best interests of the Company's shareholders to seek potential offerors by means of a formal sale process" as an important early indicator of the strength of publishing industry disruption in 2014. After all, if the English publisher of Stieg Larsson's Millennium Trilogy can't make it in the new publishing era, who can? This immediately initiates at least one item of publishing M&A. As the formal notice states, "as a consequence of this announcement, an 'Offer Period' has commenced in respect of the Company in accordance with...

A Buyout for Shopline, Hungary’s Amazon
July 5, 2013 | 12:06 pm

ShoplineHungarian online retail site, the Central European country's local equivalent to Amazon and operator of online book sales platform, which also has its own e-book operation, is currently the subject of a takeover bid by investment fund SQ-Invest, which owns Libri, one of Hungary's largest bricks-and-mortar bookstore chains. If the deal gets regulatory approval, it will create a Hungarian book trade giant, with print and digital arms. According to Shopline's Budapest Stock Exchange information page... "at present, nearly 80% of its turnover comes from the sale of new books, while the sale of used books accounts for the remaining 20%. The...

Penguin Random House publishing merger: All your books are belong to us
July 1, 2013 | 1:01 pm

Penguin Random HouseThe Big Six today officially became the Big Five, with the formal announcement that UK publishing giant Pearson PLC and German media conglomerate Bertelsmann SE & Co. KGaA have completed the JV merger of Penguin and Random House, to create ... wait for it ... Penguin Random House. The Pearson release declares that this: "will be the first truly global publishing company with operations in the US, Canada, UK, India, South Africa, Australia, New Zealand, Spain, Mexico, Argentina, Uruguay, Colombia and Chile." According to the Bertelsmann release, "Penguin Random House will employ more than 10,000 people worldwide across almost 250 imprints, and...

Rumor: Microsoft Considering Buying Nook Media
May 9, 2013 | 10:15 am

TechCruch had a story on this yesterday. They have obtained some internal documents discussing the proposed deal, with Microsoft reportedly offering $1 billion for Nook Media. I agree with Nate over at The Digital Reader that this sounds plausible. Microsoft has been working with Barnes & Noble since April of last year on Nook devices and content. Last year, they offered $300 million, much of which was aimed at developing content for Windows 8 devices. There was even speculation at the time that the next Nook would be Windows powered. Obviously that hasn't happened, and now it looks unlikely. Apparently the documents...

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