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Penguin, RH Merger Remains on Track
In announcing higher first quarter profits on flat revenue, Bertelsmann CEO Thomas Rabe said the company remains confident that the merger of Random House with Penguin Group will take place in the "early" part of the second half of 2013.
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Najafi Makes Investment in MeeGenius
Najafi Companies has invested in MeeGenius, the digital platform for selling children's books. Although the amount of the investment wasn’t disclosed, Najafi said it is now "a significant strategic shareholder of MeeGenius."
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New Report Says Microsoft Won't Buy Nook Media
The Web site Insider Monkey posted a story Monday, quoting a “highly placed source inside Microsoft” saying that the company has no plans to buy Barnes & Noble’s Nook Media group.
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Courier Corp. Buys FastPencil
Book manufacturer Courier Corp. has acquired FastPencil, the self-publishing platform that in mid April signed an agreement to support Barnes & Noble’s Nook Press, the revamped version of PubIt!.
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Rowman & Littlefield Buys Down East Book Assets
The Rowman & Littlefield Publishing Group has acquired the book assets of Down East Enterprises, the Rockport, Me. publisher of books and magazines about all things Maine.
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Canada Clears Penguin, Random House Merger
Canada is the most recent country to approve the Random House, Penguin merger without asking for any changes to the deal.
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F+W Media Adds to Sewing Vertical
F+W Media, Inc. has made two deals in the last week that strengthen its presence in what the company calls the craft and sewing vertical.
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ICM Partners Signs with Argo Navis
ICM Partners has become the latest agency to sign with Perseus Books’ author publishing program, Argo Navis.
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Skyhorse, Start Buy Underland Press
As they await word on whether their bid for Night Shade Books assets is approved, Skyhorse Publishing and Start Publishing have acquired another science fiction and fantasy house, Underland Press.
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PubMatch, CCC Partner to Offer Online Rights Service
International rights portal PubMatch this week announced a partnership with the Copyright Clearance Center to create an automated, Web-based exchange for rights deals, powered by the CCC’s popular RightsLink transaction engine.
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