Category Archives: Announcements

Announcements

Bertelsmann Acquires Full Ownership of Penguin Random House

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”

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