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Penguin and Random House in merger talks

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Penguin and Random House in merger talks

Oct 25 2012

Pearson has confirmed that it is in talks with Bertelsmann regarding a potential merger between Penguin and Random House. It would be the first major structural shift in the global publishing industry since 2006 when French media firm Lagardère acquired Time Warner Book Group, creating Hachette. In a statement, the UK-listed group said: "Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House.

Source: The Bookseller

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