Hachette Livre's Nourry: 'no regrets over not bidding for S&S'

Hachette Livre's Nourry: 'no regrets over not bidding for S&S'

Hachette Livre chairman and c.e.o. Arnaud Nourry has said he does not regret not bidding for Simon & Schuster, even though he had been looking at the possibility of acquiring the company for 15 years.

“We were very cautious,” he said in an interview with newspaper Le Monde this week. He has no regrets at missing out on the acquisition, made by Bertelsmann at the end of last year, because “I would never have recommended” buying the publisher for the selling price of €1.8bn ($2.2bn). 

As the world’s third largest book publisher, Nourry sees no point in becoming number one or two. “Obesity i...

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