Report: Elsevier in “Advanced Talks” to Acquire Mendeley For $100 Million
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.
Direct to Full Text Article With More Details
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
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Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.