(8 July 2013) Goldman Sachs Group Inc. (GS) and Temasek Holdings Pte agreed to buy a minority stake in China’s Cloudary Corp. (READ) at a 25 percent lower valuation than in a previous funding round, said two people with knowledge of the matter. The story is reported by Bloomberg, here.
Deal makes content available globally to people with print disabilities (Berlin / New York, 15 July 2013) Springer has signed an agreement to provide Bookshare, an international leader in providing people with visual impairments, physical disabilities and/or learning disabilities access to copyrighted digital accessible books, with world rights to its titles. Springer is home to the world’s…
(16 July 2013) Pearson Australia has today announced a number of significant changes across its education business. These changes are being made in order to create a more nimble organisation that is able to respond more quickly to the needs of our customers: the students, teachers and learning institutions across the country. Central to Pearson’s…
(Stanford, CA & Providence, RI, 16July 2013) HighWire Press, the leading ePublishing platform for scholarly publishers has a strategic artnership with Tizra to extend eBook functionality and integration to the HighWire Open Platform. “HighWire provides an advanced digital publishing platform to help industry‐leading scholarly publishers innovate and thrive,” said Tom Rump, Managing Director of HighWire.…
(Stamford, CT, 2 July 2013) Cengage Learning, Inc. today announced an agreement with certain of its lenders to restructure its balance sheet and significantly reduce its approximately USD5.8 billion of outstanding debt to better position the Company for long-term growth and profitability. In order to implement the financial restructuring, Cengage Learning and all of its domestic wholly-owned…
(2 July 2013) IEEE, the world’s leading technical professional organization for the advancement of technology, has maintained its position as one of the top publishers of science and technology journals. According to the 2012 Thomson Reuters Journal Citation Reports© (JCR) released in June 2013, IEEE journals sustained their status as premier scholarly publications, earning high…
In order to implement financial restructuring, Cengage Learning and all of its domestic wholly‐owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of New York. Read the letter from the Cengage CEO customers here: http://www.cengage.com/restructuring/pdfs/Information_for_Cengage_Learning_Customers.pdf The Cengage news release on restructuring…
CUHK’s Chinese University Press is among them (Baltimore, MD, 18 June 2013) Eight distinguished scholarly presses, including the recently-revived University of Missouri Press and the Chinese University Press, are confirmed to join the University Press Content Consortium (UPCC) and make their books available digitally on the Project MUSE platform in 2014. Cornell University Press, Northern Illinois…
(Berlin, 19 June 2013) EQT Partners AB (EQT) and GIC Special Investments Pte Ltd (GIC) have agreed to sell their majority stake in Springer Science+Business Media (Springer), a leading global scientific, technical and medical (STM) publisher, to the private equity firm BC Partners Limited (BC Partners). The plans for an initial public offering have been cancelled. Derk…
(New York, 6 June 2013) Elsevier today signed a strategic collaboration agreement with People’s Medical Publishing House (PMPH), China. The announcement expands on Elsevier’s current publishing collaboration with the largest Chinese medical publisher in China. Elsevier’s collaboration with PMPH goes back to the 1990s. Since then PMPH has translated and published hundreds of Elsevier’s book…
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