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International Publishing Empire
• Macmillan Publishers (1988): Maxwell acquired this prestigious U.S.-based publisher for $2.6 billion, adding educational and academic titles to his portfolio. The purchase, funded largely through debt, strained his finances and was later criticized as part of his overextension. [6]
• Official Publisher Role: In 1989, he secured a contract to publish the official Oxford English Dictionary supplements, enhancing his academic credibility, though this was overshadowed by financial irregularities. [7]
• Global Reach: Through Maxwell Communication Corporation (MCC), he acquired stakes in European and U.S. publishing houses, including Berlitz language courses and the New York Daily News (1991), aiming for a transatlantic media empire. These moves were often financed by dubious means, including pension fund raids. [8]