WPP confirmed on Monday it is in exclusive talks with Bain Capital to sell its majority stake in Kantar to the Boston-based private-equity firm, following "press speculation." The potential deal values the data, insights and consulting giant at $4 billion, according to WPP's statement that confirmed an earlier Bloomberg report. "Bain Capital's proposal is subject to negotiation," the statement read. "There is no certainty that these discussions will result in a transaction involving Kantar. Any further announcement will be made as appropriate." WPP declined to comment further. Kantar and Bain Capital did not immediately return requests for comment. R3 co-founder and principal Greg Paull told Ad Age that the deal would make sense. "This would be a logical move for [Bain Capital] to expand their insights base and connect into some of their other assets," Paull said. "The sector is buoyant right now with Nielsen also looking at strategic options." Media research firm Nielsen began a strategic review of its business last year, employing financial advisors J.P. Morgan Securities and Guggenheim Securities to assess, among other options, a sale of the company. CNBC reported in April that Advent International and Apollo Global Management were among the bidders for Nielsen. Apollo reportedly was also competing against Bain Capital in the final round of the auction for Kantar. CVC Capital Partners and Apax Partners were said to be early bidders for Kantar as well, but... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-07-01 20:08:21 UTC ]
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Adweek has been sold from one private equity firm to another. The advertising industry publication, which marked its 40th anniversary last year, has been acquired by Los Angeles-based private equity firm Shamrock Capital Advisers, both parties announced Tuesday morning. The seller,... Continue reading at Folio Magazine
[ Folio Magazine | 2020-06-02 15:47:54 UTC ]
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The government has announced a Cultural Renewal Taskforce to help the creative sector bounce back from the coronavirus crisis—but book trade leaders have said they are "baffled" that no current representative of the industry has been appointed. Continue reading at The Bookseller
[ The Bookseller | 2020-05-21 02:08:11 UTC ]
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Doubleday has acquired debut novel The Flames about four women "muses" who inspired artist Egon Schiele, in a "major" six-figure pre-empt. Continue reading at The Bookseller
[ The Bookseller | 2020-05-18 02:34:02 UTC ]
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With its cultlike fixation on control, it’s clear from the outset that something is deeply wrong with Catherine House. Continue reading at The Washington Post
[ The Washington Post | 2020-05-15 13:00:00 UTC ]
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Macmillan Learning general manager Susan Winslow explains how the textbook publishers of yesterday are transforming into cutting-edge digital platforms focused on student success, and what the Covid-19 crisis is revealing about the future of learning. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-14 04:00:00 UTC ]
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On this episode of Sheltering, Maris Kreizman speaks with Amy Jo Burns about her new novel, Shiner. Burns talks about loosely basing a character off her grandmother, the possible legalization of moonshine, and the skill of snake-handling. Her favorite local bookstore is Labyrinth Books; please... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-12 19:00:18 UTC ]
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When Sylvia Beach, the New Jersey native who published Ulysses and opened Paris’ Shakespeare and Co. (“the most famous bookstore in the world”), died in 1962, Princeton University purchased and catalogued her papers. This trove of materials reveals, among other things, the reading preferences of... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-08 19:46:30 UTC ]
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Survey shows 60% expect the impact of the pandemic may put them out of business, prompting calls for concerted helpMore than half of the UK’s small publishers fear they could be out of business by the autumn as a result of the coronavirus pandemic, according to research by the Bookseller, which... Continue reading at The Guardian
[ The Guardian | 2020-05-07 15:02:20 UTC ]
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Audible has snapped up an exclusive “white-knuckle suspense” thriller from Kindle bestseller Paddy Magrane. Continue reading at The Bookseller
[ The Bookseller | 2020-04-30 20:14:26 UTC ]
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In ‘Superpower Showdown’ (Harper Business, June), Davis and coauthor Lingling Wei examine how U.S.-China relations deteriorated to the point of impasse just as cooperation between the world’s two largest economies has become more urgent than ever. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-24 04:00:00 UTC ]
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Gist interviews a dozen CEOs who she says achieved success while keeping their egos in check in 'The Extraordinary Power of Leader Humility' (Berrett-Koehler, Sept.). Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-24 04:00:00 UTC ]
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Penguin Random House has launched a collaboration with charity Speakers for Schools delivering a series of virtual educational events from its authors, streaming to thousands of students across the UK. Continue reading at The Bookseller
[ The Bookseller | 2020-04-23 20:41:22 UTC ]
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In Malaysia as it launches its World Book Capital year under the restrictions of the pandemic, the city's mayor quotes the Quran and 'Winne the Pooh.' The post Kuala Lumpur Opens its World Book Capital Year appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-23 16:33:24 UTC ]
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Vivendi, parent company of French publisher Editis, has acquired 10.6% of Lagardère. Continue reading at The Bookseller
[ The Bookseller | 2020-04-23 10:26:48 UTC ]
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Sharjah's 2019 World Book Capital concludes in a live stream from the UAE, after announcing grants from its new Access Sharjah incubator. The post Sharjah World Book Capital Holds a Closing Ceremony Online appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-22 13:51:20 UTC ]
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In ‘Human(Kind)’ Ashlee Eiland draws on her experiences as a black woman as well as her extensive Biblical knowledge to advocate for a radical kindness and unity that can appeal to people from all backgrounds and from across the aisle. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-17 04:00:00 UTC ]
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After weeks of credible speculation and reporting, LSC Communications announced clarity around its reorganization plans, which includes filing for Chapter 11 bankruptcy with the Southern District of New York. The company was left with few option after accumulating at least $893 million in... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-13 15:00:01 UTC ]
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Jean-Marie Gustave Le Clézio, French author and laureate of the 2008 Nobel Prize in Literature, is commonly known as J.M.G. Le Clézio, an abbreviation he rather fancies. His numerous works complement his life’s many journeys, reflecting the injustice and beauty of near and far-away lands. He has... Continue reading at Literrary Hub
[ Literrary Hub | 2020-04-13 08:48:38 UTC ]
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The Sheikh Zayed Book Awards, among the most esteemed and lucrative literary prizes in the Arab world, recognized winners across seven categories today. This year marks the 14th edition of the awards, each of which comes with a cash prize of $204,000. These awards acknowledge literary and... Continue reading at Literrary Hub
[ Literrary Hub | 2020-04-08 15:14:35 UTC ]
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In a virtual meet-up, "Almost Home" author Fanny Singer and mother and famed chef Alice Waters join book club readers April 21 for a kitchen conversation. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-04-07 20:33:16 UTC ]
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