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Phoenix Media to acquire children’s division of PIL

Friday, 16 May 2014    Books+Publishing
@booksandpublishing

Chinese publisher Phoenix Media is set to acquire Publications International Ltd (PIL)’s children’s division for US$80 million (A$85.5 million), reports Publishers Weekly. The purchase, which is expected to be completed in July, will include PIL’s 1000 children’s titles and the rest of its children’s assets. PIL founder Lou Weber told Publishers...

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Category: International news