News
U.S. Justice Department Approves Penguin & Random House Merger
posted on by Lynzee Loveridge
British media conglomerate Pearson and German media corporation Bertelsmann stated that the U.S. Justice Department Penguin Random House. Bertelsmann will own 53%, while Pearson will hold 47% of the new company.
According the The Hollywood Reporter, the merged publishers would control about 25 percent of the book market and earn a total revenue of $3 billion.
Random House biographies.
Source: Deadline
discuss this in the forum (4 posts) |
bookmark/share with:
