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Hachette To Buy Perseus Books

Posted at 10:13PM Tuesday 24 Jun 2014

The large independent US publisher Perseus is being sold off in an unusual three-way deal, Publishers Lunch reported Tuesday, with Hachette Book Group acquiring Perseus Book Group's publishing imprints and Ingram taking its distribution business. PL notes that the acquisition will bring Hachette's annual revenues to around $700 million.

Hachette owned companies in the UK have recently purchased Quercus and Constable Robinson, albeit for more modest sums.

Ok, who is next?!

Full report at publishersmarketplace.com

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crainsnewyork.com

MobyLives: The part of the Hachette-Perseus deal you didnít hear about: It involves 400 leading indie publishers




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