Pearson sells stake in Penguin Random House
The deal will end Pearson’s association with consumer publishing that stretches back nearly 50 years
18 December 2019 - 10:07
London — British education company Pearson said on Wednesday it would sell its remaining 25% stake in publisher Penguin Random House to German partner Bertelsmann, generating net proceeds of about $675m.
The deal will end Pearson's association with consumer publishing that stretches back nearly 50 years to 1970 when it bought the company that had published “Lady Chatterley's Lover” a decade earlier...
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