Pearson To Sell 22% of Penguin Random House To Bertelsmann
British publisher Pearson said Tuesday it has agreed to sell almost half of its stake in Penguin Random House (PRH) to joint venture partner Bertelsmann. The 22-percent stake in PRH is being offloaded for $1.0 billion (877 million euros), a Pearson statement said. Bertelsmann will then own 75 percent and Pearson will be left with … Read more