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Bloomsbury on the Acquisition Prowl

When a company is flush, they usually want to expand their reach and share the wealth, so to speak. And as the Bookseller reports, Bloomsbury is no different, revealing today in advance of its annual general meeting that it is “actively considering” a number of possible acquisitions, though nothing is specified. Chairman Nigel Newton said: “We have been working hard this year in pursuing potential acquisitions and the company is actively considering a number of opportunities.”

Newton highlighted the group’s six point development strategy, which it said was “progressing well”. He said: “In the medium and long term, Bloomsbury is guided by a clear development strategy which will support its development. We are confident that the building blocks for Bloomsbury’s future are in place – a future where our core expertise will continue to play a fundamental role, namely publishing, in whatever form, books of the highest possible quality, with content which excites and pleases readers.”

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