History
In 1999, Thomson Gale acquired Macmillan Reference USA (including Scribner's Reference, Thorndike Press, Schirmer, Twayne Publishers, and G. K. Hall) from Pearson (who had acquired it from Simon & Schuster in 1998; Macmillan USA was purchased by Simon & Schuster in 1994). In 2000 it acquired the Munich-based K.G. Saur Verlag, but then sold it to Gruyter GmbH & Co. KG in 2006.
On October 25, 2006 Thomson Corporation announced that it intended to wholly divest the Thomson Learning division, because, in the words of Thomson CEO Richard Harrington, "it does not fit with our long-term strategic vision". Thomson has said that it expected this sale to generate approximately $5 billion. Thomson Learning was bought by a private equity consortium consisting of Apax Partners and OMERS Capital Partners for $7.75 billion and the name was changed from Thomson Learning to Cengage Learning on July 24, 2007.
In October 2007, Cengage Learning announced the appointment of Patrick C. Sommers as president of Gale, effective October 22, 2007.
Read more about this topic: Gale (publisher)
Famous quotes containing the word history:
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
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