Tuesday, 24 November 2015

Should Pearson Decide to Sell Its Stake, Bertelsmann Seeks Partner to Buy Penguin Random House

From peHUB:

European media giant Bertelsmann (BTGGg.F) is looking for a private equity partner to help it buy the rest of publisher Penguin Random House should co-owner Pearson (PSON.L) want a swift exit from the business, three sources told Reuters.Privately owned Bertelsmann controls 53 percent of the publisher of bestsellers such as the Fifty Shades series and Lee Child’s Jack Reacher

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