Aug 8 U.S. publisher Hachette Book Group, owned
by France's Lagardere SCA, has dropped its plan to buy
unlisted Perseus Books Group, citing complications in closing
the deal, the Wall Street Journal reported.
Hachette said in June it would keep Perseus's books business
and sell its client services business to unlisted book
distributor Ingram Content Group.
The financial details of the deal were not specified.
The selling of the client services businesses "ultimately
doomed the deal," the Journal reported, citing people familiar
with the situation. (on.wsj.com/1pgeLMA)
Perseus, owned by private-equity firm Perseus LLC, brings
out about 700 titles per year and has a backlist of more than
Hachette Book Group, Perseus and Ingram Content Group could
not immediately be reached for comment.
(Reporting by Supantha Mukherjee in Bangalore; Editing by