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Big Law

PRH Acquires F+W Book Group Assets At Auction

Penguin Random House’s bid to acquire the book-publishing assets of F+W Books has been selected as the winning bid following the sale process in the company’s chapter 11 case. The sale is expected to close before the end of the month.

In September, the F+W Books division had generated what a court filing says was some US$22 million in revenue, with about 20 percent of that in UK business and the rest in the States. While creditors had hoped to complete the sale of the division by the end of May, it’s reported that some delays occurred in an effort to build interest in the collection.

Read the source article at Publishing Perspectives

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