The biggest trade publishers continue to get larger: Hachette Book Group has entered into a “binding commitment” to acquire one of the industry’s largest and most unique independent publishers, Workman Publishing. HBG is paying $240 million for Workman, which had sales of $134 million last year. The deal is expected to be completed by the end of September.
Source: Hachette Book Group Will Acquire Workman Publishing for $240 Million