TechCrunch understands from sources close to the companies that the deal is underway and should close this quarter, possibly by the end of February — all things being equal — and will be in the region of $100 million. The news comes at a pretty busy time for Mendeley: it has also closed a recent round of funding — value undisclosed but thought to be under $10 million — with investors including Access Industries, Passion Capital, Tom Glocer (Ex-CEO Thomson Reuters), and UK-based Andurance Ventures.
TechCrunch also understands that there had been others approaching Mendeley, including Thompson Reuters and Nature Publishing, a division of Macmillan, owned by Holtzbrinck Publishing Group — “effectively, the other big players in the world that Mendeley is disrupting,” said TC’s source.
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Includes comments (or a lack thereof, as you might expect) from Elsevier (we don’t comment publicly about this type of thing) and a Mendeley (no confirm, no deny).
Hat Tip: @naypinya