Friday, August 08, 2014

Hachette, Ingram Drop Plans to Buy Perseus

Newsflash from PW

The acquisition of the Perseus Books Group by Hachette and Ingram has been called off.

A letter sent to Perseus employees Thursday afternoon, from Perseus CEO David Steinberger, said that despite much effort from all three parties "we could not reach an agreement on everything necessary to close the transaction." Representatives from both Hachette and Ingram confirmed that the deal was off, but would not offer further comment. more

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