Arab Today, arab today merger talks on publishers penguin and random house
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Arab Today, arab today
Arab Today, arab today

Merger talks on publishers Penguin and Random House

Arab Today, arab today

Arab Today, arab today Merger talks on publishers Penguin and Random House

London - AFP

British publisher Pearson said Thursday that it was in talks with German media giant Bertelsmann over a potential merger of their respective consumer publishing divisions Penguin and Random House. \"Pearson notes recent media coverage regarding Penguin and Random House (part of Bertelsmann),\" it said in a brief statement. \"Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. \"The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate.\" The statement was prompted by an article in the Pearson-owned Financial Times, which reported on its website that the two companies were seeking to combine the publishing units to create a global market leader.

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