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Pearson Buys Author Solutions

Posted by Victoria Strauss for Writer Beware Last March, word went out that self-publishing giant Author Solutions Inc (owner of AuthorHouse, iUniverse, Xlibris, Trafford, WordClay, Palibrio, and several others, and contractor for the self-pub divisions of several major publishers) was looking for a buyer. Now it has one: Pearson, the parent company of Penguin Group. According to the official press release, Pearson is paying $116 million in cash for ASI (which, frankly, doesn't seem like all that much, given ASI's dominant position in the self-publishing services market).
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