July 17, 2007 |
Educational textbook publisher Houghton Mifflin Co. agreed to buy the remaining U.S. units of scientific and medical publisher Reed Elsevier for $4 billion in cash and stock, creating what could become the largest K-12 publisher in the country in terms of market share. The Boston-based division of Houghton Mifflin Riverdeep Group will pay $3.
November 1, 2002 |
Vivendi Universal announced Thursday that it has agreed to sell its U.S. publishing division, Houghton Mifflin Co., to a group of equity investors led by Blackstone Group for $1.7 billion in cash and assumed debt. The deal is part of an effort to slash the Paris-based company's $19 billion in debt so it can focus on developing its core Los Angeles-headquartered entertainment assets: Universal Studios, Universal Theme Parks and Universal Music Group.
August 15, 2002 |
Former Vivendi Universal Chief Executive Jean-Marie Messier anointed Curious George as the company mascot last year, linking the French utility company he was struggling to remake into a media giant and George's owner, Houghton Mifflin, the publishing company Vivendi had just acquired. Trouble is, that was the extent of any "synergy" between Houghton Mifflin and Vivendi. Now that the French firm is under pressure to raise $9.
September 5, 2001 |
Houghton Mifflin Co. is suing Jews for Jesus, accusing the evangelical group of infringing the company's copyright on its popular children's storybook character, Curious George. In a lawsuit filed in New York, Houghton, which was acquired this year by Vivendi Universal, Europe's biggest media company, asks a federal judge to bar Jews for Jesus from distributing in New York and Minneapolis a pamphlet bearing the likeness of the mischievous monkey.
July 10, 2001 |
Vivendi Universal, Europe's biggest media company, said it owns about 90% of Houghton Mifflin Co. following its offer of $1.7 million in cash and assumed debt of $500,000 for the U.S. educational publisher. The French company said on June 1 it would offer $60 a share, and take on assumed debt from the Boston-based textbook publisher.
June 7, 2001 |
Vivendi Universal, Europe's largest advertising company, said it sold its 9.9% stake in Havas Advertising to institutional investors for 453 million euros ($384 million). The company said the sale would generate a one-time profit of 113 million euros. Vivendi Universal sold its stake in the No. 5 advertising company to help fund its $2.2-billion acquisition of Houghton Mifflin Co.