The Associated Press | By Steve Burtch, Associated PressLife Science Publishing Inc., based in New York City, said Wednesday that it plans to open its first U.K. office and expand its staff in the coming months.
The company has already begun training a team of about 15 people, including its senior vice president of business development, the company said in a news release.
The new offices will provide an “enormous amount of breadth and capacity” to Life Science Publishing, it said.
The new U.N. headquarters in New Orleans, Louisiana, is expected to open in 2018.
In a separate announcement, Life Science published a statement on its blog on Wednesday saying that the acquisition of Facebook, its parent company, would not affect its editorial mission, but that the news organization is exploring the possibility of a potential merger with another company.
Facebook has been trying to acquire the business for years and Life Science’s announcement on Wednesday was the first indication that the two companies may be coming to terms on a potential deal.
In January, Life Sciences announced that it would sell about 4,000 of its 3,000 U.k. employees.
The news was met with skepticism from some quarters and some of the company’s top executives.
The move, which was made at the same time as Life Sciences reported that its quarterly profit dropped to $1.2 million.
Life Sciences had reported a profit of $4.1 million last year.