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U.K.: Penguin Random House to become largest book publisher in world

By  |  October 29, 2012
U.K.: Penguin Random House to become largest book publisher in world

Confirmation came Monday that the Random House merger with Penguin has been agreed upon by the two companies. The new company will be called Penguin Random House. The two owners of the companies came to a deal to will make Penguin Random House the largest consumer book publisher on the planet if competition authorities approve of the deal, holding more than 25 percent of the world’s market share. Analysts say the deal will give more power to the new company to negotiate prices while the rise of e-books threatening the printing industry.

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    Full Content: New York Times

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