‘Fifty Shades’ boosts Random House profits in 2012
Global revenues at Random House increased by 22.5% in 2012 in large part due to the success of E L James’ ‘Fifty Shades’ series, which sold more than 70 million...
Penguin Random House merger expected to be completed in July following approval in China
The merger of Penguin and Random House is expected to be completed next month, following the approval of the proposed merger by the Chinese Ministry of Commerce (MOFCOM) this week. Penguin...
Canadian regulators approve Penguin Random House merger
The Canadian Competition Bureau and the Department of Canadian Heritage has cleared the proposed merger of Penguin and Random House. Random House parent company Bertelsmann said in a statement on...
EU clears Penguin Random House merger
The European Commission has cleared the proposed merger of Penguin and Random House. The commission announced its decision in a statement on 5 April, saying that ‘the transaction would not...
NZ Commerce Commission clears Penguin Random House merger
The New Zealand Commerce Commission has cleared the proposed merger of Penguin and Random House. Commerce Commission chairman Mark Berry said in a statement on 19 March that ‘the commission...
ACCC ‘not opposed’ to Penguin Random House merger
The Australian Competition and Consumer Commission (ACCC) has announced that it is ‘not opposed’ to the proposed merger of Penguin and Random House. As previously reported by Books+Publishing, the ACCC...
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...
Sales up at Penguin Australia in 2012; ebooks account for 17.5% of Penguin’s global revenues
Penguin Australia gained overall market share in 2012 and recorded higher sales than 2011, according to chief executive officer Gabrielle Coyne. Coyne told Books+Publishing that Penguin ‘had a strong sales...
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...
‘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...