Publishers Weekly, November 22nd, 1991
Macmillan Computer Publishing is to be acquired by Paramount Communications for its Simon & Schuster operation for $157.5 million cash, subject to regulatory clearance.
The sale comes five days after Macmillan announced its intent to transfer 55.6% of the shares outstanding in Berlitz International to Fukutake Publishing Co. of Japan for $265 million. Fukutake acquired a 20% interest in the Japanese subsidiary of Berlitz in 1990.
The two divestitures follow the sale of three other Macmillan businesses since September in an effort to whittle down the $2.33 billion debt owed by parent Maxwel...
HighBeam Research, Free Preview: 'S & S to get Macmillan computer books division. (Simon and Schuster Inc. purchasing Macmillan Computer Publishing Inc.) (Brief Article)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
