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PRH to acquire F+W book publishing assets

thebookseller.com – Wednesday June 19, 2019

Penguin Random House is set to acquire the book publishing assets of F+W Media following the media company’s bankruptcy, with the effects on F+W's UK division unclear.

The deal, which includes F+W's new titles and 2,000-strong backlist of illustrated non-fiction books, according to Publishers Weekly, is expected to close by the end of the month. PRH declined to comment on the sale when contacted by The Bookseller.

PRH posted the winning bid in an auction held on Thursday 6th June by the US Bankruptcy Court for the District of Delaware. The list of successful bidders for the “communities” assets of F+W - separate to its book publishing assets - was submitted for approval to the court yesterday (Monday 17th June).

To read the full article on thebookseller.com, click here

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