Houghton Buying Harcourt From Reed Elsevier
by
deanmillot@mac.com
on Mon 16 Jul 2007 08:38 PM EDT |
Permanent Link
|
Cosmos
Fresh
from its reverse merger with Riverdeep, Houghton Mifflin will acquire
Reed Elsevier's Harcourt Education and Trade units for $3.7 billion in
cash and $300 million in common stock. Here's the press release. The combination is one big K-12 provider. Some more thinking on the latest twist on the big publishers' end-to-end business strategy from your editor later.
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