Hachette to buy Perseus Books Group - plans to keep publishing imprints but immediately sell on distribution to Ingram

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Hachette to buy Perseus Books Group - plans to keep publishing imprints but immediately sell on distribution to Ingram

Jun 24 2014

The owners of the Perseus Books Group have agreed to a sale of the company, in an unusual three-way transaction. All things being equal, Hachette Book Group is purchasing PBG, and then in turn will sell to Ingram Content Group Perseus's extensive distribution companies. What HBG retains is Perseus's own, almost entirely nonfiction publishing imprints, comprising Basic, Public Affairs, Running Press, Avalon Travel, Seal Press, academic textbook publisher Westview Press, the Weinstein Books joint-venture and a partnership with Nation Books.

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