YOU ARE HERE: LAT HomeCollectionsHachette


March 24, 1988 | From Reuters
Grolier Inc., an encyclopedia and reference book company, Wednesday rejected a $415-million takeover bid by the French publisher Hachette SA as inadequate. Earlier this month, Hachette offered to buy Danbury, Conn.-based Grolier for $21 a share with hopes of becoming the world's third-largest publisher. On the New York Stock Exchange, Grolier stock closed Tuesday at $26.50 a share, up 12.5 cents. Analyst Peter Appert of Cyrus J. Lawrence Morgan Grenfell Inc.
April 11, 1988 | Associated Press
French media giant Hachette SA reached an agreement to acquire Grolier Inc. for $448.6 million after sweetening its buyout offer for a second time. The companies announced a definitive merger agreement on Sunday and Grolier's board scheduled a meeting today to vote on the all-cash buyout proposal, which Hachette raised from its earlier $444-million cash buyout offer. Under the agreement, a subsidiary of Hachette, France's biggest publisher and the second-largest in Europe, would pay $24.
August 13, 1997 | From Reuters
A French media company sued Miramax Films Corp. on Tuesday for $8 million it claims the U.S. company failed to pay as an advance for the rights to an award-winning movie it produced. Hachette Premiere & Cie, in papers filed in U.S. District Court in Los Angeles, is also seeking to have Miramax barred from distributing the film, "She's So Lovely," in the United States. A spokesman for Miramax was not immediately available for comment.
November 20, 2012 | By Carolyn Kellogg
HarperCollins and Simon & Schuster are in preliminary merger talks, according to the Wall Street Journal. Why not? Everybody's doing it. A merger between two of the other big six publishers was announced Oct. 29. Random House and Penguin plan to merge, after passing all regulatory hurdles. The deal is rumored to be for $2 billion to $3 billion; when you think about it, that's a pretty big range, not to mention an enormous chunk of change for an industry that is commonly thought to be teetering on the edge of oblivion.
July 10, 2013 | By Alana Semuels
NEW YORK -- Apple Inc. conspired to raise the prices of e-books, a judge ruled Wednesday morning, after a trial in which the Department of Justice accused the technology giant of aggressively pressuring publishers to raise prices and weaken U.S. District Judge Denise Cote ruled that Apple is liable for civil antitrust violations, more than two weeks after closing arguments. “The Plaintiffs have shown that Apple conspired to raise the retail price of e-books and that they are entitled to injunctive relief.
Los Angeles Times Articles