Hachette Book Group’s Acquisition Spree Continues (publishersweekly.com)

At the end of 2020, the Hachette Book Group was the fourth-largest trade publisher in the country, with estimated annual sales of roughly $700 million. When the acquisition of Simon & Schuster—the third-largest trade publisher—by #1 trade publisher Penguin Random House is finally completed, HBG will move into the third spot.

Last week, HBG took a major step to ensure that it will assume S&S’s position as the largest trade publisher behind PRH and HarperCollins, with its agreement to acquire Workman Publishing for $240 million. One of few remaining independent publishers of its size, Workman had sales of $134 million last year, and its addition will get HBG revenue over the $800 million level.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/87202-hachette-book-group-s-acquisition-spree-continues.html

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