London-based publisher Macmillan Science and Education has announced it merger into Springer Science+Business Media on Wednesday. Macmillan publishes Nature magazine and Scientific American and Springer controls various science, technology and business publications.
Together, the publishers generate an estimated $1.7 billion in annual sales. In addition to the merger, the companies stated that the move aims towards a sale, likely and initial public offering, of the joint company. The deal excludes certain businesses like the software firm Digital Science and the education technology company Digital Education.
Springer CEO Derk Haank will head the merged company which is valued at $5.8 billion after the merger finalizes, which the companies expect to happen within the next 6 months.
Full Content: Science AAAS
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI