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Exact(14)
But it isn't as if The Bell Jar has to earn out its advance.
Because most books don't earn out their advances, publishers have a huge exposure up front.
"We planned for it to take a year to earn out, but in the event it happened in about six weeks.
(This presumably means that they have kept a stake in the transaction at least for the initial earn out).
Which is just as well for Burrough, because if his new book were about the current business scandals, he'd be hard put to earn out his advance.
Most books do not earn out their advance.
Similar(46)
eBay acquited Skype for $4.1 billion last week (including earn outs).
The discrepancy may be because of how the price is calculated, eg including earn outs, etc).
The $20m figure is comprised of upfront and earn outs in debt and convertibles.
The acquisition is worth up to $45 million, specifically $20 million in cash upfront, with cash and stock earn outs of $25 million.
Under the announced deal terms, Monotype will pay $12 million for Swyft up front, with $15 million in potential earn outs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com