EBSCO Announces Definitive Agreements for the Purchase of European Operations of RoweCom

Feb 07, 2003

EBSCO Industries, Inc. has executed definitive agreements to acquire the European operations of RoweCom/divine Information Services. This acquisition allows RoweCom/divine Information Services to continue operations in Europe, and particularly in France, where the Tribunal of Commerce of Evry on Monday, February 3, 2003 removed a declaration of suspension of payment that RoweCom filed on January 23, 2003. The acquisition is subject to approval by French anti-trust authorities, and upon validation of the merger of the two companies, EBSCO will proceed to facilitate payment to the publishers for publications provided to customers of RoweCom Europe. Until then, EBSCO is asking publishers to continue to fulfill subscriptions to RoweCom/divine Information Services customers. The majority of the publishers have already expressed their support of this arrangement and confirmed their agreement to fulfill subscriptions.