Gütersloh, New York, London, December 18, 2019 – Bertelsmann is acquiring the remaining 25-percent stake in Penguin Random House from the British media company Pearson, making it the sole owner of the book publishing group.
- Bertelsmann to become sole owner of the world’s biggest trade publishing group
- Acquisition of 25-percent stake from co-shareholder Pearson for
US$ 675 million - Closing expected in the second quarter of 2020
- Verlagsgruppe Random House becomes part of Penguin Random House
- Bertelsmann CEO Thomas Rabe: “A milestone for Bertelsmann”