and more.
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Everand Acquires Online Book Club Platform Fable
Everand, the online e-book and audiobook subscription service and subsidiary of Scribd, has acquired the social reading and book club app Fable, which has three million users and hosts more than 100,000 book clubs.
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Likewise Gets New Owners, Targets Book Discovery Market
Entertainment discovery platform Likewise has been acquired by Watchlist Inc., with Josh Epstein, formerly chief business officer at Likewise, named CEO. The company has several book promotion e-newsletters and is looking to expand its offerings.
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PRH Buys U.K.-Based Wonderbly
The Penguin Random House acquisition machine continues to roll on, with the world’s largest trade publishing announcing it has bought one of the U.K.’s fastest-growing independent publishers, Wonderbly, which has used a direct-to-consumer business model to sell more than 11 million books in 140 countries.
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Globe Pequot Makes Third Acquisition this Year
In its second acquisition in two weeks and third this year, the Globe Pequot Publishing Group has acquired Bower House, an independent book publisher based in Denver.
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Diamond Comic Distributors to Be Sold to Universal, Ad Populum
Diamond Comic Distributors has received court approval to go ahead with the sales of its assets to Universal Distributors and Ad Populum, which filed a joint bid for the bankrupt company. An attempt by rival bidder Alliance to delay the deal failed.
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S&S Inks Joint Venture with Urano World Publishing
The deal teams Simon & Schuster’s bilingual imprint, Primero Sueño Press, with one of the biggest independent publishers in Spain and Latin America across several initiatives.
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More Headaches for Diamond Comic Distributors
In three separate filings, a U.S. trustee moved to convert Diamond’s Chapter 11 bankruptcy case into a Chapter 7, which could liquidate its assets; Diamond once again requested a sale to Universal and Ad Populum, with a twist; and Alliance filed a new lawsuit charging that Diamond inflated the value of its business.
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Alliance Calls Off Diamond Comic Distributors Deal
In yet another twist in the Diamond Comic bankruptcy proceedings, Alliance Entertainment terminated its agreement to purchase the company’s assets the day before an April 25 court hearing. Diamond owners promised to announce a new deal “very shortly.”
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Globe Pequot to Buy Square One Publishers
In its second purchase this year, Jed Lyons’s Globe Pequot Publishing Group has agreed to acquire the nonfiction indie publisher Square One Publishers, which was founded by Rudy Shur in 1999.
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PanelFly Launches Online Marketplace for Comic Book Distribution
Austin-based startup PanelFly has launched what it describes as the first online wholesale marketplace connecting retailers directly with comics publishers.
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