Publishers Random House, Penguin complete merger
Random House Inc. and Penguin Group have completed a planned merger that creates the world’s largest publisher of consumer books.
Parent companies Bertelsmann and Pearson said they signed the final contracts on Monday to combine the global activities of the two publishers and create Penguin Random House. Random House parent Bertelsmann will hold 53 percent of the new company and Penguin owner Pearson 47 percent.
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