Hachette Book Group agreed to buy Walt Disney Co. (DIS:US)’s Hyperion, a 22-year-old publisher of books such as Mitch Albom’s “The Five People You Meet in Heaven.”
After the deal is completed, Hachette will become the publisher of the more than 1,000 books for adult readers that Hyperion has put out since it was started in 1991, according to a statement today. Disney will continue to publish Disney-Hyperion branded kids’ books.
The transaction gives Hachette more than 250 best-selling works, including “Always Looking Up” by Michael J. Fox and “Jamie’s Food Revolution” by chef Jamie Oliver. Hyperion also is scheduled to publish about 25 new books that Hachette will now oversee.
“Hyperion’s strong nonfiction list in particular is a perfect complement to HBG’s title portfolio,” Hachette Book Group Chief Executive Officer Michael Pietsch said in the statement.
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