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IN BRIEF: Bloomsbury Publishing buys ABC-CLIO for USD22.9 million

16th Dec 2021 21:45

Bloomsbury Publishing PLC - London-based publisher - Reports the purchase of ABC-CLIO for USD22.9 million. The academic publishing firm, based in Santa Barbara, California has more than 23,000 titles in its portfolio. It generated USD14.7 million in revenue in 2020. "This acquisition is a good strategic fit," Bloomsbury says.

Current stock price: 350.80 pence, up 5.6% on Thursday

Year-to-date change: up 23%

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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