Full news story on Random House & Penguin Sign Merger Agreement, Scuttling a News Corp offer to buy Penguin.
Random House & Penguin Sign Merger Agreement, Scuttling a News Corp offer to buy Penguin
Oct 29 2012
In a deal that had been months in the making, Pearson and Bertelsmann announced Monday morning that they have signed an agreement to form a joint venture that will combine the businesses of Random House and Penguin. The deal, which is expected to close in the second half of 2013, will make Penguin Group chairman John Makinson chairman of the newly named Penguin Random House company, while Random House chairman and CEO Markus Dohle will be CEO.
The deal scuttles a News Corp. 1 billion UK pounds ($1.62 billion) offer to buy Penguin that News Corp.'s Times of London said yesterday was going to be made this week. Such a deal would have combined Penguin with News Corp.'s HarperCollins and would have been an outright purchase.
Stranger than fiction, blending tragedy and farce, How to Create the Perfect Wife is an engrossing tale of the radicalism, and deep contradictions, at the heart of the Enlightenment.
Z, the novel about the life of Zelda Sayre Fitzgerald is at points charming and; like another reviewer, I kept thinking of the movie, "Midnight...
read more
Although heavy on the scientific details, which slowed down the story for me (OK, I admit, I was one of those liberal arts majors who skipped out on...
read more
Loved this book. Magical, quirky, enchanting I could go on. All books do not have to be literary fiction, sometimes it is just so comforting to read...
read more
U.S. ebook sales up in 2012, but rate of growth is slowing(May 16 2013) In 2012, trade book sales (i.e. non academic book sales) rose 6.9%, to $15.049 billion, and e-book sales continued to grow, although the rate of growth...
Full Story
