Wiley acquires Emerald Publishing for $452M, adding 480+ journals to research portfolio

Filed June 2, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

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  Wiley acquired Emerald Publishing for £337.5M (~$452M) in all-cash, expanding its journal portfolio from ~2,000 to ~2,500 titles and establishing leadership in economics, business, and finance research.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Emerald projects $85M+ FY26 revenue with 92% recurring subscriptions and 99.6% customer retention; Wiley expects $30M annual cost synergies by year three, targeting 7x adjusted EBITDA valuation post-synergies.

  Exhibit 99.2 view on EDGAR →
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  Transaction financed via revolving credit facility with $300M accordion exercised, bringing pro forma leverage to 2.5x net debt/EBITDA at close, projected to decline to 1.4x by Q4 2026.

  Exhibit 99.2 view on EDGAR →