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Pearson sells remaining stake in Penguin Random House to Bertelsmann

Dec 18 2019

Pearson, the U.K. publishing company that merged its Penguin subsidiary with Bertelsmann’s Random House in 2012 to create Penguin Random House, is selling its remaining 25% of PRH to Bertelsmann, which will become sole owner, the Bookseller reported. The sale is expected to close in the first half of next year. The sale price is about £530 million (approximately $694.2 million).

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