Penguin, Random House Complete Merger

By | Monday July 1, 2013 @ 3:30am PDT

The world’s leading consumer publisher has been formed via the merger of Penguin and Random House. Respective owners Pearson and Bertelsmann announced the merger of the groups last October and today confirm the deal … Read More »

Comments (1)

Justice Department Approves Merger Of Penguin & Random House

By | Thursday February 14, 2013 @ 11:16am PST

Creation of the world’s leading consumer publisher is a step closer to reality. Pearson and Bertelsmann say the Justice Department has closed its review of the proposed merger of Penguin and Random House “without conditions”. Last October, … Read More »

Comments (4)

Pearson To Merge Penguin With Bertelsmann’s Random House

By | Monday October 29, 2012 @ 2:09am PDT

Despite reported last-minute interest from News Corp., UK-based Pearson has agreed to merge its Penguin with Bertelsmann’s Random House. It creates the world’s leading consumer publisher. The deal, announced Monday morning, comes after the News Corp.-owned Sunday Times said Rupert Murdoch had indicated he would offer about $1.6B for Penguin. A combination of Penguin and News Corp.’s HarperCollins would have had an English-language book market share of 20%, and appeared favored by analysts, according to Reuters. The combined Penguin Random House will have about a 25%-30% share as the companies look to fend off competition in the e-book space. The joint venture will be 53%-owned by Bertelsmann and 47%-owned by Pearson and is subject to regulatory and other approvals. It is expected to close in the second half of 2013. Following is the press release from Pearson: Read More »

Comments (3)

News Corp Eyes Bid For Penguin: Report

By | Sunday October 28, 2012 @ 3:35pm PDT

News Corp is jumping into the bidding for Pearson’s Penguin book imprint, according to News Corp’s Sunday Times of London. News chairman and CEO Rupert Murdoch “has indicated he will make a substantial cash offer — thought to be about … Read More »

Comments (0)

FT: Random House And Penguin In Merger Talks

By | Thursday October 25, 2012 @ 9:26am PDT

Of course both of these publishers provide plenty of source material for Hollywood. Now the Financial Times is reporting that the parent companies of Random House and … Read More »

Comments (1)