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Archive for October, 2012

Bertelsmann and Pearson to Combine Book Businesses

Monday, October 29th, 2012

Bertelsmann and Pearson to Combine Book Businesses

Gütersloh / New York / London, October 29, 2012 – The international media groups Bertelsmann and Pearson announced today that they will combine the activities of their respective trade-book publishing companies, Random House and Penguin Group. Bertelsmann will own 53 percent, Pearson 47 percent. The closing of the transaction is scheduled to take place in the second half of 2013, following regulatory approval. Read more here.