The FT and others are reporting that Bertelsmann and Pearson are in talks about combining their Penguin and Random House publishing divisions and that the discussions have focused on a merger in which Bertelsmann would have a stake of more than 50 per cent.
Pearson have issued the following statement. “Pearson notes recent media coverage regarding Penguin, its consumer publishing division, and Random House (part of Bertelsmann). Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate.”
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Related links:
- Pearson acquires online learning business EmbanetCompass for $650M Posted on October 16, 2012
- Pearson – first 6 months results Posted on July 30, 2012
- Pearson to acquire Author Solutions for £116M Posted on July 19, 2012
- Pearson acquires GlobalEnglish for $90M Posted on May 25, 2012
- Pearson acquires Certiport for $140M posted on May 19, 2012
- Bertelsmann acquires digital media agency Smashing Ideas for Random House Posted on May 10, 2011
- 72% rise in profits at Pearson Posted on February 28, 2012
- Pearson to sell 50% stake in FTSE to the London Stock Exchange for £450 million Posted on December 15, 2011
- Skimlinks Raises $4.5 Million Series B Round Posted on November 11, 2011
- Pearson acquires Connections Education Posted on September 15, 2011
- Pearson to acquire Schoolnet for $230M Posted on April 29, 2011
- Pearson agrees to buy Education Development International Posted on March 8, 2011
- Pearson acquires TutorVista – Expands Pearson’s education business in India Posted on January 19, 2011
- Pearson to acquire SEB’s school learning systems business Posted on August 13, 201o
- Pearson to buy Melario for £99.3 million Posted on May 20, 2010
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