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.
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