Pearson To Sell 22% of Penguin Random House To Bertelsmann

July 11, 2017 by

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

Barack and Michelle Obama Agree Penguin Random House Book Deal

March 1, 2017 by

Former US President Barack Obama and his wife Michelle have agreed a book deal with Penguin Random House. “The company has acquired world publication rights for two books, to be written by President and Mrs Obama respectively,” the publisher said. Titles and other details have not been disclosed but the deal is believed to be … Read more