Random House & Penguin Sign Merger Agreement, Scuttling a News Corp offer to buy Penguin

BookBrowse News - The Full Story

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.

More News Stories

One-Month Free Membership

Discover your next great read here

Join Today!

Editor's Choice

  • Book Jacket: Castle of Water
    Castle of Water
    by Dane Huckelbridge
    When a whopping 24 out of 27 readers give a book 4 or 5 stars, you know you have a winner on your ...
  • Book Jacket: Havana
    Havana
    by Mark Kurlansky
    History with flavor...culture with spice...language with gusto...it would be hard to find a better ...
  • Book Jacket: Temporary People
    Temporary People
    by Deepak Unnikrishnan
    In this powerful and innovative collection of 28 short stories, Deepak Unnikrishnan presents a ...

Book Discussion
Book Jacket
The Nest
by Cynthia D'Aprix Sweeney

A funny and acutely perceptive debut about four siblings and the fate of their shared inheritance.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    If We Were Villains
    by M. L. Rio

    An intelligent and captivating story of the enduring power and passion of words.
    Reader Reviews

  • Book Jacket

    No One Is Coming to Save Us
    by Stephanie Powell Watts

    One of Entertainment Weekly, Nylon and Elle's most anticipated books of 2017.
    Reader Reviews

Who Said...

I have always imagined that paradise will be a kind of library

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

Y S M B, I'll S Y

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.

 
Modal popup -