WPP in exclusive talks with Bain Capital for purchase of majority stake in Kantar

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 ]
News tagged with: #advent international #final round #holding companies #principal analyst #minority stake #market research #nielsen

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A Black Father Illustrated the Importance of “The Talk” in His Graphic Memoir

Darrin Bell didn’t set out to write his much anticipated graphic memoir, The Talk. He’d initially sold another project delving into the lives of three generations of men in his family, all descendants of an enslaved man named Addison Bell, in a two book deal to Henry Holt and Co. But as he was... Continue reading at Electric Literature

[ Electric Literature | 2023-10-30 11:00:00 UTC ]
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KKR Completes Purchase of Simon & Schuster

The private equity firm, whose other holdings include OverDrive, has finalized its $1.62 billion purchase of S&S, the country's third largest trade book publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-30 04:00:00 UTC ]
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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet

BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago. Continue reading at The New York Times

[ The New York Times | 2023-10-27 16:26:21 UTC ]
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We Don't Talk About Harry Potter

In her essay for PW, author Dhonielle Clayton reflects on the perils of publishing a diverse magic school series in the shadow of Harry Potter and its creator. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-17 04:00:00 UTC ]
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Teju Cole Talks About His New Novel, “Tremor”

“Tremor,” his first novel in over a decade, is set in Massachusetts and Lagos, and came from a desire to capture the last moments of a pre-Covid world. Continue reading at The New York Times

[ The New York Times | 2023-10-16 09:00:22 UTC ]
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Talking AI at Frankfurt: A Look at Some of the Programming Ahead

The upcoming Frankfurter Buchmesse has programming looking at many aspects of artificial intelligence and related issues. The post Talking AI at Frankfurt: A Look at Some of the Programming Ahead appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-10-10 16:46:37 UTC ]
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Exclusive: See the (sexy) cover for C. Michelle Lindley’s debut novel, The Nude.

Literary Hub is pleased to reveal the cover for C. Michelle Lindley’s debut novel, The Nude, which will be published by Atria in June. Here’s a little bit about the book from the publisher: A gripping, provocative, and sensual debut novel about an art historian who journeys to a Greek island to... Continue reading at Literrary Hub

[ Literrary Hub | 2023-10-03 14:00:04 UTC ]
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Exclusive: See the cover for Amy Lin’s Here After.

Literary Hub is pleased to reveal the cover for Amy Lin’s debut memoir Here After, which will be published by Zibby Books in March. Here’s a bit more about the book from the publisher: Here After is an intimate story of deep love followed by dizzying loss; a stunning, taut memoir from debut... Continue reading at Literrary Hub

[ Literrary Hub | 2023-09-20 14:00:02 UTC ]
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Private Equity Took Over a Publishing House, and They’re Giving Workers a Stake. What?

The investor behind the Simon & Schuster deal explains what he’s really up to. Continue reading at Slate

[ Slate | 2023-09-19 09:50:00 UTC ]
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Media Briefing: Digiday Publishing Summit is approaching and media execs are ready to talk shop

DPS is right around the corner and as more ad revenue sneaks back into the market, publishing execs are looking for new ways to capture as many dollars as they can. Continue reading at Digiday

[ Digiday | 2023-09-14 04:01:00 UTC ]
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Calling for a Core Jewish Identity: PW Talks to Donniel Hartman

Rabbi Donniel Hartman urges Jews to forge a connection between themselves and 3,000 years of Jewish life in his new book, Who Are the Jews—and Who Can We Become?. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-23 04:00:00 UTC ]
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Stakes Are High as Judge Hears Motion to Block Texas Book Rating Law

A federal judge in Texas is hearing oral arguments on a high stakes motion filed by a coalition of booksellers and book industry advocates to block the state’s controversial new book rating law from taking effect on September 1. Attorneys for the state of Texas are asking the court to dismiss... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-18 04:00:00 UTC ]
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Exclusive: See the cover for Wei Tchou’s experimental memoir Little Seed.

Literary Hub is pleased to reveal the cover for Wei Tchou’s Little Seed, “an experimental memoir that braids together the narrative of the author’s relationship with her brother and family with a deeply personal field guide to ferns,” which will be published by Deep Vellum/A Strange Object in... Continue reading at Literrary Hub

[ Literrary Hub | 2023-08-15 14:00:01 UTC ]
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What the sale of a major American book publisher means for authors, the industry — and you

Book publisher Simon & Schuster's sale to investment firm KKR is novel in many ways, but also part of a long-term trend. History tells us to expect the unexpected. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-08-08 17:35:35 UTC ]
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Simon & Schuster purchased by private equity firm KKR for $1.62 billion

Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market Continue reading at ABC News

[ ABC News | 2023-08-08 02:22:18 UTC ]
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Exclusive: See the cover for Téa Obreht’s next novel, The Morningside.

Literary Hub is pleased to reveal the cover for The Morningside, the third novel by bestselling, award-winning writer Téa Obreht, which will be published by Random House in March. Here’s a little bit more about the book from the publisher: After being expelled from their ancestral home in a... Continue reading at Literrary Hub

[ Literrary Hub | 2023-08-02 14:00:09 UTC ]
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Exclusive: See the cover for Phillip B. Williams’s debut novel, Ours.

Literary Hub is pleased to reveal the cover for Ours, the debut novel by award-winning poet Philip B. Williams, forthcoming from Viking in February. Here’s a bit about the book from the publisher: In this ingenious, sweeping novel, Phillip B. Williams introduces us to an enigmatic woman named... Continue reading at Literrary Hub

[ Literrary Hub | 2023-07-26 14:00:11 UTC ]
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Exclusive: Mailchimp Owner Intuit Launches Media Network for Small Businesses

Financial services giant Intuit is launching a small business-focused media network, letting advertisers target customers across the web and tapping into a new revenue line, executives exclusively told Adweek. The venture, called SMB MediaLabs, will let advertisers target the customers of... Continue reading at AdWeek

[ AdWeek | 2023-07-24 10:13:48 UTC ]
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Exclusive Cover Reveal of Jennifer Croft’s “The Extinction of Irena Rey”

Electric Literature is pleased to reveal the cover for Jennifer Croft’s The Extinction of Irena Rey, which will be published by Bloomsbury Publishing on March 5th 2024. Preorder the book here. From the Booker International Prize-winning translator and Guggenheim fiction fellow, a propulsive,... Continue reading at Electric Literature

[ Electric Literature | 2023-07-07 11:00:00 UTC ]
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