November 20, 2017

Hachette To Buy Perseus Publishing Arm; Ingram To Acquire Distribution

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.

Amazon, Hachette End Ebook Pricing Dispute

Amazon and Hachette Book Group have ended the pricing dispute that the two have been waging since spring of 2014. On November 13 they jointly announced a multiyear agreement for ebook and print sales. The new terms will go into effect in early 2015, but Hachette has said that even before that time Amazon will restore its previous supply of Hachette titles and make them available for pre-order, as well as including them in promotions on the site.