Kodansha, Dai Nippon Printing Buy Vertical

The Japanese publishing giant Kodansha announced on Wednesday that it and Dai Nippon Printing are buying the American publishing startup Vertical. The price of the acquisition has not been made public. Vertical's headquarters is in Tokyo, although it has an office in New York City. It has 77 million yen (about US$930,000) in capital. Vertical translates and publishes Japanese books in English, including but not limited to manga. Kodansha bought 46.7% of Vertical, and Dai Nippon Printing bought 46.0%.

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