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  • a behemoth in the publishing industry just got a lot bigger.

  • The owner of Penguin Random House on Wednesday said it will acquire U.

  • S publisher Simon and Schuster for more than $2 billion in cash.

  • The German media group Bertelsmann outbid Rupert Murdoch's News Corp in a contest for the publisher of authors Dan Brown, Hillary Clinton and Stephen King that Viacom CBS put up for sale earlier this year.

  • The deal represents the second major Movin CEO.

  • Thomas Robs Drive to consolidate Bertelsmann as the world's biggest bookseller after the 185 year old publisher took full control of Penguin Random House less than a year ago.

  • In a statement, Rob hailed the deal, saying Quote, We're building our position as one of the leading creative content companies in the United States.

  • I'm convinced that this is a good day.

  • Both for book publishing and for authors, size is important in publishing as best seller lists become dominated by a handful of blockbusters such as Penguin.

  • Random House is edition of former president Barack Obama's memoir A Promised Land.

  • Simon and Schuster will remain under the umbrella of the far larger Penguin Random House.

a behemoth in the publishing industry just got a lot bigger.

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Bertelsmann buys Simon & Schuster for $2.2 billion in U.S. publishing play

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    林宜悉 posted on 2020/11/29
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