Penguin Random House
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Penguin Random House
- Penguin Books is now an imprint of the worldwide Penguin Random House, a conglomerate formed in 2013 by its merger with American publisher Random House, a subsidiary of German media conglomerate Bertelsmann. [ 8 ]
en.wikipedia.org/wiki/Penguin_Books
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Since April 2020, Penguin Random House has been a wholly owned subsidiary of Bertelsmann. It is one of the largest English-language publishers known as the Big Five, along with Holtzbrinck / Macmillan, Hachette, HarperCollins and Simon & Schuster. [ 10 ]
On November 25, 2020, Penguin Random House agreed to purchase American publisher Simon & Schuster from ViacomCBS for $2.175 billion, with a formal regulatory approval process to follow the purchase agreement. [26]
On July 1, Bertelsmann und Pearson combine their book publishing businesses – Random House and Penguin Group – into the world’s biggest trade publishing group. Bertelsmann is the majority owner of the merged company Penguin Random House, with a 53-percent stake, while Pearson owns 47 percent.
The group merged with Putnam Berkley to become Penguin Putnam, Inc. in 1996, Penguin Group (USA) in 2003, and Penguin Publishing Group in 2014. Today, Penguin Publishing Group is the largest division of Penguin Random House, Inc.
With the acquisition of Random House in 1998, Bertelsmann already became the largest book publisher in the English-speaking world. [205] 250 publishing houses on five continents are part of the company, including Random House and Penguin Books, but also Doubleday, Knopf and Viking. [206]
Apr 1, 2020 · Bertelsmann is the majority owner of the merged company Penguin Random House, with a 53-percent stake, while Pearson owns 47 percent. Through acquisitions, Penguin Random House subsequently becomes the number one in the Spanish-language literature market, among others.
Dec 18, 2019 · BERLIN—Germany’s Bertelsmann SE will acquire full ownership of Penguin Random House, paying $675 million to increase its stake in the publisher by 25% and bring the bookseller within its...
