Investing.com UK on Nostr: Bloomsbury makes biggest acquisition to date as it pays £65m for US academic ...
Bloomsbury makes biggest acquisition to date as it pays £65m for US academic publisher
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Bloomsbury, a UK publishing company, has acquired the academic publishing business of US group Rowman & Littlefield for £65 million. The deal, which is Bloomsbury's largest acquisition to date, will enhance its portfolio and expand its presence in North America. Bloomsbury will pay £60 million upfront in cash, with an additional £5 million held in escrow. The transaction does not include Rowman & Littlefield's trade publishing or other non-academic units. The acquisition is expected to significantly increase Bloomsbury's earnings by 2025/26. The deal will be funded by Bloomsbury's cash reserves and a £30 million loan from Lloyds Bank.
#Bloomsbury #Rowman&Littlefield #Acquisition #AcademicPublisher #Uk #NorthAmerica
https://uk.investing.com/news/stock-market-news/bloomsbury-makes-biggest-acquisition-to-date-as-it-pays-65m-for-us-academic-publisher-3519616
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Bloomsbury, a UK publishing company, has acquired the academic publishing business of US group Rowman & Littlefield for £65 million. The deal, which is Bloomsbury's largest acquisition to date, will enhance its portfolio and expand its presence in North America. Bloomsbury will pay £60 million upfront in cash, with an additional £5 million held in escrow. The transaction does not include Rowman & Littlefield's trade publishing or other non-academic units. The acquisition is expected to significantly increase Bloomsbury's earnings by 2025/26. The deal will be funded by Bloomsbury's cash reserves and a £30 million loan from Lloyds Bank.
#Bloomsbury #Rowman&Littlefield #Acquisition #AcademicPublisher #Uk #NorthAmerica
https://uk.investing.com/news/stock-market-news/bloomsbury-makes-biggest-acquisition-to-date-as-it-pays-65m-for-us-academic-publisher-3519616