Hodder & Stoughton/Hachette to buy Quercus

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Hodder & Stoughton/Hachette to buy Quercus

Mar 26 2014

Hodder & Stoughton, a division of Hachette, has offered approximately £12.6 million (about US$21 million) to purchase Quercus Publishing, the U.K. independent publisher that launched in the USA in Fall 2013.

Tim Hely Hutchinson, c.e.o. of Hachette UK and chairman of Hodder, said: "My colleagues at Hodder and I greatly admire what has been achieved at Quercus in a relatively short time. If our offer is successful, Quercus will become a distinct division within our company and will benefit from Hachette UK Group's funding resources and sales reach to secure a very bright future for the Quercus Group."

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