Wiley Announces the Acquisition of Hindawi
John Wiley & Sons, Inc. (JW.A)
Last john wiley & sons, inc. earnings: 3/4 08:00 am
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Source: Business Wire
A Global Leader in Research and Education Accelerates its Strategy to Power the World’s Knowledge Ecosystem by Acquiring a Fast-Growing Innovator in Open Access HOBOKEN, N.J.--(BUSINESS WIRE)--John Wiley & Sons, Inc. (NYSE:JWA) (NYSE:JWB) today announced the acquisition of Hindawi Limited, an innovator in open access (OA) publishing and one of the world's fastest growing scientific research publishers, for a total purchase price of $298 million. The acquisition of Hindawi significantly increases Wiley’s position as a global leader in research by adding quality, scale and growth to the company’s open access publishing program.Open access is a rapidly growing scholarly publishing model that allows peer-reviewed articles to be read and shared immediately, making important research broadly available. As a leader in open access publishing, Hindawi has played a critical role in advancing gold open access, an OA model in which validated articles are made immediately available for reading
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