Hachette To Buy Perseus Publishing Arm; Ingram To Acquire Distribution
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Hachette Book Group (HBG) announced on March 1 that it had entered into an agreement to buy the Perseus Books Group, an independent publishing company. On March 3, Ingram Content Group announced its plans to purchase Perseus’s distribution operations. The two agreements come a little more than 18 months after an initial deal to sell Perseus’s entire operation to HBG fell through. Both parties hope to close the deals by the end of March, pending regulatory approval. Terms of the transaction were not disclosed.
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