Top 50 largest publishers in the world (P.9) - Penguin Random House (Germany & UK): One of the largest multinational publishing corporations in the world

29-12-2020

(wcsa.world) Penguin Random House is a multinational conglomerate publishing company formed in 2013, from the merger of Random House, owned by German media conglomerate Bertelsmann, and Penguin Group, owned by British publishing company Pearson plc.

As of 2013, Penguin Random House employed about 10,000 people globally and published 15,000 titles annually under its 250 divisions and imprints. These titles include fiction and nonfiction for adults and children in both print and digital.

Penguin Random House comprises Penguin and Random House in the US, UK, Canada, Australia, New Zealand, Portugal, and India; Penguin in Brazil, Asia and South Africa; Dorling Kindersley worldwide; and Random House's companies in Spain, Hispanic America, and Germany.

Penguin Random House was founded in 2013 by Markus Dohle upon the completion of a £2.4 billion transaction between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin Group. Bertelsmann and Pearson, the parent companies, initially owned 53% and 47%, respectively.

In November 2015, Pearson announced it would rebrand to focus on its education division. In July 2017, Pearson sold a 22% stake in the business to Bertelsmann, thereby retaining a 25% holding. On December 18, 2019, Bertelsmann agreed to acquire Pearson's 25% stake in Penguin Random House,  making it a wholly-owned subsidiary of Bertelsmann. The sale was completed on April 2, 2020.

Markus Dohle was named CEO of the new company, which had more than 10,000 employees worldwide with 250 imprints and publishing houses and a publishing list of more than 15,000 new titles a year.

According to en.wikipedia.org


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