Scholastic agrees to buy Cottage Door Press for about $71 million

Bitget2026/09/29 11:03

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scholastic Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609290700PR_NEWS_USPR_____NY59126) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Scholastic agrees to buy Cottage Door Press for about $71 million

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