The beleaguered FTSE 100 firm strengthens balance sheet by selling a 22% stake to Bertelsmann in deal valuing the publishing giant at $3.55bn Pearson has sold a 22% stake in Penguin Random House, the world’s biggest publisher, with titles ranging from Fifty Shades of Grey, Jamie Oliver and The Girl on the Train. The deal values Penguin at $3.55bn (£2.75bn).Pearson put its holding in PRH up for sale in January after issuing a string of profit warnings in its educational publishing business, and has sold the stake to partner Bertelsmann. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2017-07-11 00:00:00 UTC ]
News tagged with:
#deal valuing
#publishing giant
#biggest publisher
#titles ranging
#fifty shades
#jamie oliver
#profit warnings
The beleaguered FTSE 100 firm strengthens balance sheet by selling a 22% stake to Bertelsmann in deal valuing the publishing giant at $3.55bn Pearson has sold a 22% stake in Penguin Random House, the world’s biggest publisher, with titles ranging from Fifty Shades of Grey, Jamie Oliver and The... Continue reading at The Guardian
[ The Guardian | 2017-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#deal valuing
#publishing giant
#biggest publisher
#titles ranging
#fifty shades
#jamie oliver
#profit warnings
The education business sold nearly half its stake in the publisher to Bertelsmann, but much of the proceeds will be reinvestedPearson is still going to own a quarter of Penguin Random House, so it’s not too late to hope that it can learn to tell a story like it is. Please, drop this bland... Continue reading at The Guardian
[ The Guardian | 2017-07-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#22% stake
#$1bn
Shares in the publishing firm rise after it says the sale will raise about $1bn (£776m). Continue reading at BBC News
[ BBC News | 2017-07-11 00:00:00 UTC ]
More news stories like this |
Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is... Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#markus dohle
Faced with worse-than-expected results in its North American higher education publishing business, Pearson said this morning that it is putting its 47% stake in Penguin Random House up for sale. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#47% stake
Pearson intends to sell its 47% stake in Penguin Random House and will be issuing an "exit notice" to its joint venture partner Bertelsmann, which holds a majority 53% stake in the group. Bertelsmann has responded by saying it is "open" to increasing its share in the world’s biggest trade... Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#47% stake
#financial terms
After a judge blocked the sale of Simon & Schuster to Penguin Random House, S&S parent company Paramount pulls its sale offer and declines to appeal. Continue reading at Los Angeles Times
[ Los Angeles Times | 2022-11-21 22:50:02 UTC ]
More news stories like this | News stories tagged with:
#judge blocked
#simon schuster
Educational publisher’s move into non-fungible tokens is intended to claw back some of the income lost to secondhand salesTextbook publisher Pearson plans to profit from secondhand sales by turning its titles into non-fungible tokens (NFTs), its chief executive has said.Educational books are... Continue reading at The Guardian
[ The Guardian | 2022-08-02 15:37:17 UTC ]
More news stories like this | News stories tagged with:
#digital textbooks
#pearson plans
#educational publisher
#non-fungible tokens
#claw back
#educational books
#pearson
Pushkin Press has sold North American rights to Penguin Books US for How to be a Fascist by Italian author and politician Michela Murgia. Continue reading at The Bookseller
[ The Bookseller | 2020-01-14 03:52:42 UTC ]
More news stories like this | News stories tagged with:
#penguin books
U.K.-based publisher Pearson is selling its last shares in Penguin Random House, representing 25% ownership of the company, to Germany's Bertelsmann, which will now have 100% ownership of the company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-18 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#pearson
Pearson is selling its remaining 25% stake in Penguin Random House to Bertelsmann, as its c.e.o. John Fallon prepares to retire next year. Continue reading at The Bookseller
[ The Bookseller | 2019-12-18 01:20:40 UTC ]
More news stories like this | News stories tagged with:
#penguin random house
#pearson
Pearson has agreed to sell its English language business Wall Street English (WSE) to a group of funds affiliated with Baring Private Equity Asia and CITIC Capital for $300 (£225m). Continue reading at The Bookseller
[ The Bookseller | 2017-11-28 00:00:00 UTC ]
More news stories like this |
Pearson has completed the sale of language training subsidiary Global Education in a deal worth $80m (£62m). Continue reading at The Bookseller
[ The Bookseller | 2017-08-17 00:00:00 UTC ]
More news stories like this |
Pearson said it has plans to further reduce costs by $300 million, and it is also reviewing its strategic options for the K-12 courseware business. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#pearson plans
#reduce costs
#$300 million
#strategic options
Management have moved to reassure staff and writers that selling the 47% holding will not affect business, but authors and agents express uneaseAuthors and staff have reacted cautiously to news that Pearson is to sell its stake in Penguin Random House (PRH), the world’s biggest publisher and... Continue reading at The Guardian
[ The Guardian | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#fifty shades
#jamie oliver
PRH has signed a conditional agreement to sell Penguin Singapore and Penguin Malaysia to Times Publishing, an Asia-Pacific media group owned by parent company Fraser and Neave. Continue reading at The Bookseller
[ The Bookseller | 2017-01-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#conditional agreement
It's no surprise that book publishing giant Penguin Random House has plenty of success selling rights around the world. Here are their most recent highlights from the US and UK. The post What’s Selling: Global Rights Update from Penguin Random House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-07-27 00:00:00 UTC ]
More news stories like this |
Penguin Random House has reached an agreement to sell its travel division, Fodor’s, to Internet Brands, a Los Angeles-based online media and technology company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sell fodor
#internet brands
#travel division
#technology company
Pearson and Dow Jones have agreed to sell their stakes in Russian newspaper Vedomosti, before legislation restricting foreign ownership in Russia comes into force in the New Year. Continue reading at The Bookseller
[ The Bookseller | 2015-11-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#dow jones
Sale marks end of an era for former FT owner as it exits newspaper publishing business after selling its stake to Russian entrepreneur Pearson, which recently agreed to offload the Financial Times, and the publisher of the Wall Street Journal have sold off their stakes in Russian business... Continue reading at The Guardian
[ The Guardian | 2015-11-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ft owner
#50% stake
#minority stake
#newspaper publishing