Scholastic agrees to buy Cottage Door Press for about $71 million
Bitget2026/09/29 11:03- Scholastic agreed to buy early childhood publisher Cottage Door Press for about $71 million, subject to customary purchase price adjustments.
- Deal aims to expand Scholastic’s early childhood portfolio, with Cottage Door folded into the Children’s Book Group while keeping its publishing team.
- Luna StoryTime interactive electronic toys will be spun off before closing and are excluded from the acquisition.
- Closing targeted by end-2026, contingent on the Luna separation, third-party consents, new license agreements, and approval by one seller’s shareholders.
- Cottage Door posted about $45 million net revenue in the 12 months ended May 31, 2026; funding planned via cash and a revolving credit facility.
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