Pearson sells slice of Penguin for $1bn

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

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Penguin "amplifies" Kerouac classic

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[ The Bookseller | 2011-06-20 00:00:00 UTC ]
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Richard Desmond is in talks with US media giant Time Warner about the possible sale of the US edition of celebrity OK! magazine, sources have confirmed. Continue reading at Media Week

[ Media Week | 2011-06-06 00:00:00 UTC ]
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Penguin signs up Walliams memoir

Written By: Graeme Neill Publication Date: Fri, 03/06/2011 - 08:55 Penguin has signed one of its big non-fiction titles for Christmas 2012, winning a hotly contested auction for a memoir by "Little Britain" star David Walliams. Katy Follain, Michael Joseph non-fiction publisher, and Louise... Continue reading at The Bookseller

[ The Bookseller | 2011-06-03 00:00:00 UTC ]
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[ The Bookseller | 2011-05-27 00:00:00 UTC ]
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[ The Bookseller | 2011-05-25 00:00:00 UTC ]
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[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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[ The New York Times | 2011-05-09 00:00:00 UTC ]
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[ The Bookseller | 2011-04-28 00:00:00 UTC ]
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[ The Bookseller | 2011-04-28 00:00:00 UTC ]
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[ The Bookseller | 2011-04-12 00:00:00 UTC ]
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[ Publishers Weekly | 2011-04-11 00:00:00 UTC ]
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[ The Bookseller | 2011-04-06 00:00:00 UTC ]
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[ The Bookseller | 2011-03-25 00:00:00 UTC ]
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[ The New York Times | 2011-03-01 00:00:00 UTC ]
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