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Bertelsmann and Pearson
- Penguin Random House was formed on July 1, 2013 by Bertelsmann and Pearson, who own 75 per cent and 25 per cent respectively. As part of the global merger, Penguin Random House Canada was formed through the merger of Penguin Canada and Random House of Canada, who had operated in Canada for 39 and 69 years respectively.
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Jul 1, 2013 · Penguin Random House was formed on July 1, 2013 by Bertelsmann and Pearson, who own 75 per cent and 25 per cent respectively. As part of the global merger, Penguin Random House Canada was formed through the merger of Penguin Canada and Random House of Canada, who had operated in Canada for 39 and 69 years respectively.
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On April 2, 2020, Bertelsmann announced the completion of its purchase of Penguin Random House, which had been announced in December 2019, by buying Pearson plc's 25% ownership of the company. With the purchase, Bertelsmann became the sole owner of Penguin Random House.
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.
Oct 6, 2020 · Interview with Kristin Cochrane, CEO, Penguin Random House Canada “As we were forced to adapt to the many challenges coming at us, from bookstore closures to a changing marketplace, we created new ways of working that will serve our books, our retailers, and our authors well into the future.”
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.
Bertelsmann's Doubleday Canada and Bantam Books Canada merged with Penguin Random House of Canada, whose imprints also include Penguin Random House Canada, Knopf Canada, Vintage Canada, and Ballantine Canada.
Nov 27, 2020 · Penguin Random House is set to acquire Simon & Schuster. The company announced the plans on Nov. 25. Formerly owned by ViacomCBS , Simon & Schuster is selling for $2.2 billion.
