Hachette Purchases Perseus
Hachette Book Group is buying the Perseus Book Group. Hachette will incorporate all nine Perseus imprints including Avalon Books, Running Press, and Da Capo Press, and will maintain Perseus’s various partnerships. The imprints will likely remain intact, and continue to operate from their current offices for the time being.
After the sale is finalized, Hachette will sell the Perseus Book Group’s numerous distribution companies to Ingram Content Group, including Perseus Distribution, PGW, Legato, Consortium, and the Constellation digital distribution platform.
Perseus is “the industry’s sixth largest general interest trade publisher” with “approximately 700 new titles per year” and “an extensive backlist of more than 6,000 books,” most non-fiction.
The purchase is expected to be completed by the end of July.
For more information, see this press release.