Strategic Acquisition and Divestiture
On February 17, 2012, Wiley announced the acquisition of Inscape Holdings Inc., which provides DiSC-based assessments and training products for the development of interpersonal business skills, in print and digital formats. Wiley described the acquisition as complementary to the workplace learning products published under its Pfeiffer imprint, and one that would help Wiley advance its digital delivery strategy and extend its global reach through Inscape’s international distributor network.
On March 7, 2012, Wiley announced its intention to divest assets in the areas of travel (including the Frommer’s brand), culinary, general interest, nautical, pets, and crafts, as well as the Webster’s New World and CliffsNotes brands. The planned divestiture is aligned with Wiley’s "increased strategic focus on content and services for research, learning, and professional practices, and on lifelong learning through digital technology".
On August 13, 2012, Wiley announced it entered into a definitive agreement to sell all of its travel assets, including all of its interests in the Frommer's brand, to Google Inc.
Read more about this topic: John Wiley & Sons
Famous quotes containing the words strategic and/or acquisition:
“If the technology cannot shoulder the entire burden of strategic change, it nevertheless can set into motion a series of dynamics that present an important challenge to imperative control and the industrial division of labor. The more blurred the distinction between what workers know and what managers know, the more fragile and pointless any traditional relationships of domination and subordination between them will become.”
—Shoshana Zuboff (b. 1951)
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)