M&A Deal Summary

Hachette Book Group Acquires Union Square

On November 18, 2024, Hachette Book Group acquired publishing company Union Square from Barnes & Noble

Acquisition Highlights
  • This is Hachette Book Group’s 4th transaction in the Publishing sector.
  • This is Hachette Book Group’s 4th transaction in the United States.
  • This is Hachette Book Group’s 3rd transaction in New York.

M&A Deal Summary

Date 2024-11-18
Target Union Square
Sector Publishing
Buyer(s) Hachette Book Group
Sellers(s) Barnes & Noble
Deal Type Divestiture

Target

Union Square

New York, New York, United States
Union Square & Co. is a forward-thinking publishing company committed to creating books that inspire and entertain. Union Square & Co. was founded in 1949 and is based in New York, New York.

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Buyer(S) 1

Buyer

Hachette Book Group

New York, New York, United States

Category Company
Founded 1837
Sector Publishing
DESCRIPTION

Hachette Book Group is a major trade publisher based in New York and a division of Hachette Livre, the third-largest trade and educational publisher in the world. HBG publishes under the divisions of Little, Brown and Company, Little Brown Books for Young Readers, Grand Central Publishing, Orbit, Hachette Books, Hachette Nashville, and Hachette Audio. HBG also provides a wide range of custom distribution, fulfillment, digital and sales services to third party publishers, including Harry N. Abrams, Amazing People Club, Chronicle Books, Disney Book Group, Gildan Media, Hearst Magazine.


DEAL STATS #
Overall 4 of 4
Sector (Publishing) 4 of 4
Type (Divestiture) 2 of 2
State (New York) 3 of 3
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Workman

New York, New York, United States

Workman is an independently owned family of publishers, including Workman Publishing, Workman Audio, Algonquin Books of Chapel Hill, Algonquin Young Readers, Artisan, Storey Publishing, and Timber Press. Workman also is the distributor for The Experiment, duopress, Erewhon Books, and Familius. Workman publishes award-winning children’s books, cookbooks, parenting/pregnancy guides, and books on gardening, country living, and humor, as well as gift books, fiction, audio, and the bestselling calendar line in the business. Workman is based in New York City.

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Seller(S) 1

SELLER

Barnes & Noble

New York, New York, United States

Category Company
Founded 1986
Sector Retail
Employees7,038
Revenue 3.6B USD (2019)
DESCRIPTION

Barnes & Noble is a bookseller and operates through retail stores and online. The Company’s principal business is the sale of trade books (generally hardcover and paperback titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys & games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com. Barnes & Noble was formed in 1986 and is based in New York City.


DEAL STATS #
Overall 2 of 2
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Tattered Cover

Denver, Colorado, United States

Tattered Cover is an independent bookstore that offers personal service, a large, well-curated selection of new and used books, an extensive newsstand, and beautifully selected gifts. Tattered Cover was formed in 1971 and is based in Denver, Colorado.

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