ProQuest completes acquisition of EBL; Cengage CEO seeking restructuring, may file bankruptcy; ARL membership meeting slides available; This Week’s Rumor: Microsoft Not Buying Nook; Increased science funding drives physics in Brazil

 ProQuest Completes Acquisition of EBL

“On May 13, 2013, the agreement announced in January was finalized, completing the acquisition of EBL and significantly expanding our e-book delivery and aggregation capabilities to libraries globally…  This supports our goal of enabling researchers to seamlessly discover content across multiple formats, including books, journals, dissertations, newspapers, and video.    (Read the full press release)

Bloomberg reports that  “Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, said it’s seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts.

“We will seek to negotiate the terms of a comprehensive restructuring transaction with our key creditor constituents and quickly implement the restructuring plan,” Chief Executive Officer Michael Hansen said today on a conference call after the company reported third-quarter results.

Speakers’ slides from the ARL Membership Meeting held May 1–3 in Chapel Hill, North Carolina, are now on the ARL website. Available slides include:
  • “Academic Preservation Trust: Why? What? When? and How?” by Martha Sites
  • “Parents, Alumni, and Libraries: What Our Customers Really Believe about the Library” by Lorraine Haricombe and Irene Hoffman
  • “Position Description Bank Demonstration” by Tiffany Allen and Judy Ruttenberg
  • “Reflections on Organizational Transformations: Tough Terrain” by Hugh O’Neill
  • “Something’s Gotta Give! Making Tough Choices on Doing Less with Less” by Anne Kenney
  • “Towards Designing an Ecosystem of Change for the Future of the American Research Library”  by Ann Pendleton-Jullian

Additional slides will be added as they are received.

According to ShelfAwareness “a rumor that Microsoft is going to buy Nook Media from Barnes & Noble for $1 billion may turn out to be just a rumor. If you believe the latest rumor.

Last Thursday, TeleCrunch cited “internal documents” for its story about the purchase, which caused B&N stock to jump 24.3%, to $22.08.

Yesterday, however, Insider Monkey said “a highly placed source inside Microsoft” wrote on Friday: “I literally just walked out of the meeting today discussing all this Microsoft/Nook hoopla going on. This deal was nothing more than a rumor…”

According to Library Technology Guides “EBSCO … and PTFS Europe announce a new technology partnership. PTFS Europe will use the EBSCO Discovery Service API to integrate its reading list management system, Rebus:list, with EDS. Rebus:list will then be able to integrate with any EDS library’s ILS catalogue, internal repositories and EBSCO online information resources.

“A rapid rise in science funding is transforming Brazil’s research landscape, according to a new report published on behalf of the Brazilian Physical Society by IOP Publishing.

Brazil invested $25bn in scientific research in 2010 – up four-fold on its spend in 2000 – which has propelled the country to number 13 in the global rankings for published articles in scholarly science journals.
The report offers an in-depth analysis of the opportunities and challenges facing the Brazilian science community. The exclusive coverage emerged from extensive research and face-to-face interviews with physicists at some of Brazil’s leading scientific institutions…”