Trade reacts to Macmillan-Springer deal

Trade reacts to Macmillan-Springer deal

Last week’s revelation that Holtzbrinck will partner with Springer to create a new, combined publishing company sprang a surprise on the industry.

Springer’s involvement was not the question: the company’s private equity owner, BC Partners, had been exploring sale options for some time. But the predicted partner had been Taylor & Francis, and Holtzbrinck’s role had been kept in the dark. “Nobody was expecting it,” confessed Publishers Association chief executive Richard Mollet. “[Holtzbrinck c.e.o.] Stefan von Holtzbrinck has been working on this for a long time, so to keep it under wraps ...

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