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Perseus Books Group and Hachette Book Group Announce Major Transaction: Perseus to Sell Publishing Business to Hachette

“The Perseus Books Group and Hachette Book Group announced today that they have entered into a binding commitment to sell Perseus’s publishing business to Hachette. The transaction is expected to close after regulatory approval is received. Michael Pietsch, Hachette Book Group CEO, said, “We’re thrilled to welcome Perseus staff and authors to Hachette, and are confident that it will be both an excellent complement to our publishing program and a great fit for the Perseus team. Perseus has created vital and original programs across their imprints, and they are widely respected by authors, agents, booksellers, and the media. Their broad editorial vision and skill at reaching readers are impressive, and the opportunity to bring HBG’s proven sales and marketing skills to these books is exciting. This acquisition is a realization of Hachette’s continuing plans to grow and to expand our non-fiction and backlist publishing programs. It is especially gratifying to have this new opportunity to join together with Perseus, after coming so close to acquiring the company eighteen months ago.” (via Hachette Book Group)

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