Bertelsmann looking to raise stake in Random House

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Bertelsmann looking to raise stake in Random House

Mar 13 2017

German media group Bertelsmann is looking to raise its stake in its Random House joint venture with Pearson from 53 percent to between 70 and 75 percent and will find a long-term partner if necessary for the rest, its chief executive told Der Spiegel. The news comes after Britain's Pearson (which currently owns 47 percent of Random House) said in January it may seek to sell its stake after a massive profit warning.

Source: Reuters

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