Hachette Buys Perseus, More Clout Against Amazon

Hachette, one of five largest U.S. publishers, has acquired the imprints of Perseus Books Group, giving it more clout in its dispute with Amazon, though that’s not the reason they made the deal. It follows the pattern of a major merger 2011 of Random House and Penguin. The new publishing megagroup is said to have the most bargaining ability with Amazon, which controls a third of bookselling market.

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