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Houghton Mifflin Co

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BUSINESS
July 10, 2001 | Bloomberg News
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.
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ENTERTAINMENT
November 27, 2008 | ASSOCIATED PRESS
Reports of a buying freeze at Houghton Mifflin Harcourt is news to the publisher of one its imprints. "I don't work at the Harcourt offices so I called to find out if the story was true," Otto Penzler, whose Otto Penzler Books specializes in mystery books and releases six to eight titles per year, said Wednesday. Penzler was referring to media stories alleging that Houghton Mifflin Harcourt (HMH) had temporarily stopped acquiring new books. "I was told that it had been blown out of proportion and that there was simply some belt-tightening going on. I asked, 'Does this mean I can keep buying books?
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BUSINESS
July 17, 2007 | From Times Wire Services
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.
BUSINESS
December 4, 2007 | From Times Wire Services
Houghton Mifflin Co. is selling its college textbook unit to Cengage Learning for $750 million so it can focus on its publishing business geared toward kindergarten through 12th grade, as well as trade and reference publications. Cengage, previously known as Thomson Learning, said the cash transaction would help broaden its education products, including textbooks and study guides. Boston-based Houghton Mifflin and Stamford, Conn.
BUSINESS
February 1, 1989 | From Reuters
The last major independent book publishing company left after a wave of mergers became the center of takeover speculation Tuesday as the Robert M. Bass Group announced that it holds a 5.6% stake in Houghton Mifflin Co. The old-line Boston publisher is considered the only pure book publishing company of any size that is independently owned. It publishes school texts and general-interest books, and owns a valuable back list of titles.
BUSINESS
June 7, 2001 | Bloomberg News
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.
BUSINESS
December 4, 2007 | From Times Wire Services
Houghton Mifflin Co. is selling its college textbook unit to Cengage Learning for $750 million so it can focus on its publishing business geared toward kindergarten through 12th grade, as well as trade and reference publications. Cengage, previously known as Thomson Learning, said the cash transaction would help broaden its education products, including textbooks and study guides. Boston-based Houghton Mifflin and Stamford, Conn.
BUSINESS
September 5, 2001 | Bloomberg News
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.
BUSINESS
November 1, 2002 | Corie Brown, Times Staff Writer
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.
BUSINESS
July 17, 2007 | From Times Wire Services
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.
BUSINESS
November 1, 2002 | Corie Brown, Times Staff Writer
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.
BUSINESS
August 15, 2002 | CORIE BROWN and MEG JAMES, TIMES STAFF WRITERS
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.
BUSINESS
September 5, 2001 | Bloomberg News
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.
BUSINESS
July 10, 2001 | Bloomberg News
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.
BUSINESS
June 7, 2001 | Bloomberg News
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.
BUSINESS
June 2, 2001 | BY SALLIE HOFMEISTER, TIMES STAFF WRITER
Strengthening its presence in the U.S., Vivendi Universal, Europe's largest media company, agreed Friday to acquire Houghton Mifflin Co., one of the nation's last major independent book publishers, for $1.7 billion. The purchase of the world's fourth-largest educational publisher catapults Vivendi, which ranks fifth in the world in publishing, into the No. 2 spot after Pearson. The purchase is the latest U.S.
BUSINESS
June 2, 2001 | BY SALLIE HOFMEISTER, TIMES STAFF WRITER
Strengthening its presence in the U.S., Vivendi Universal, Europe's largest media company, agreed Friday to acquire Houghton Mifflin Co., one of the nation's last major independent book publishers, for $1.7 billion. The purchase of the world's fourth-largest educational publisher catapults Vivendi, which ranks fifth in the world in publishing, into the No. 2 spot after Pearson. The purchase is the latest U.S.
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