The new corporate media teamup results in a €1.5 billion revenue business and 13,000 employees. Holtzbrinck retains a 53% share in the new corporation. The merger vaults the new group above McGraw-Hill (€1.4bn), Cengage (ca. €1.3bn) and Wiley (€1.3bn) to become the fourth biggest STM and Education publisher after Pearson (€5.6bn), Reed Elsevier (€4.4bn) and Wolters Kluwer (€3.6bn).
Link: Macmillan Science and Education to merge with Springer Science+Business Media by Benedicte Page, The Bookseller