11 July, 2011. Book2Book.
Bloomsbury Publishing said today sales reflect current retail weakness, with the launch of Pottermore.com boosting children's backlist sales. The company also announced that it has today completed the acquisition of Continuum for a total cash consideration of 20.1m from Nova/Paul Investments Capital and management shareholders.Bloomsbury has been looking for a transformational acquisition to act as the cornerstone of its Academic & Professional division. Continuum now provides the cornerstone of an enlarged division with critical mass and a solid base for organic growth going forward.
Press release
ibtimes.com
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