Mar 01 2017
Penguin Random House has acquired the rights for two books, to be written by former US President Barack Obama and his wife Michelle respectively. Details of the deal have not been announced but it is rumored that the deal cost Random House between $30-$60 million.
In addition, PRH will donate one million books in the Obama family's name to First Book, a longstanding nonprofit partner of the publisher and the Washington, D.C., partner for the 2016 White House digital education initiative, Open eBooks. The Obamas also plan to donate a significant portion of their author proceeds to charity, including the Obama Foundation.
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