Friday, July 20, 2012

Pearson Buys Author Solutions


Pearson, the world's leading learning company, is today announcing the acquisition of Author Solutions, Inc (ASI) from Bertram Capital for $116 million in cash. Self-publishing is a rapidly growing segment of the consumer books market. According to Bowker, in 2011 in either print or digital form, an increase of almost 60%... The acquisition gives Penguin a leading position in this fast-growing segment of the publishing industry.