Pearson sells remaining 25% stake in PRH to Bertelsmann
Pearson is selling its remaining 25% stake in Penguin Random House (PRH) to Bertelsmann, giving the German corporation 100% ownership of the world’s largest trade publisher, reports the Bookseller. The...
Sales, earnings up at PRH in 2018
Penguin Random House (PRH) parent company Bertelsmann has reported a slight rise in sales and earnings at the publisher in 2018, with revenue up 1.9% to €3.4 billion ($A5.37bn) and...
Bertelsmann to acquire Relias Learning
Multinational media company Bertelsmann will acquire US elearning provider Relias Learning, reports the Bookseller. Bertelsmann said in a statement that it will spend ‘in the mid-hundreds of millions’ of US...
EU findings on Penguin Random House merger due in April
The European Union will release its initial decision on the proposed merger of Penguin and Random House by 5 April, reports the Bookseller. The EU’s antitrust regulators are currently investigating whether...
Penguin Random House merger approved in US; Australian, NZ reviews findings expected in March
The United States Department of Justice (DOJ) has completed its review of the proposed merger of Penguin and Random House, clearing the merger of the two publishers ‘unconditionally’. Thomas Rabe,...
ACCC undertaking ‘informal review’ of proposed Penguin, Random House merger
The Australian Competition and Consumer Commission (ACCC) is undertaking an ‘informal review’ of the proposed merger of Penguin and Random House. The ACCC is currently seeking ‘comments ... from interested...
ACCC ‘aware’ of Penguin, Random House proposed merger
The Australian Competition and Consumer Commission (ACCC) has told Bookseller+Publisher that it is ‘aware’ of the proposed merger between Penguin and Random House. An ACCC spokesperson said that ‘if the...
Bertelsmann to acquire 100% of Random House Mondadori
Random House parent company Bertelsmann has announced it has agreed to purchase all shares in Random House Mondadori, its trade book publisher in Spain and Latin America. Random House Mondadori was...
‘Business as usual’ at Random House, Penguin following merger announcement; industry responds
Random House Australia and New Zealand have told booksellers that it will be ‘business as usual’ for Random House and Penguin until the companies’ plans to merge have been approved...
News Corp interested in Penguin
HarperCollins parent company News Corporation has indicated it is interested in acquiring Penguin, reports the Sunday Times. News Corporation chairman and chief executive Rupert Murdoch is reported to have indicated...
Random House, Penguin to merge
Pearson and Bertelsmann have announced that they will merge the Penguin and Random House businesses. Bertelsmann said in a statement on Monday 29 October that the new business will be called...
Merger talks between Penguin, Random House confirmed
In the UK, Pearson has confirmed that it is discussing ‘a possible combination of Penguin and Random House’ with Bertelsmann. Pearson said in a statement that the two publishers ‘have...
Random House records revenue, digital growth in 2010; ‘strong year’ for Australian operations
International publisher Random House has recorded a six percent increase in revenues, and a 26% increase in earnings before interest and taxes for the 2010 financial year. In its financial...
Management buyout at Doubleday Australia
The management team of membership-based retailer Doubleday Australia has purchased the company from its former owners Bertelsmann under the entity A&WN Trust. Doubleday Australia managing director Andrew Nikas will continue...