Penguin Random House

Portrait for @ericof
by @ericof
2020-11-25T17:30:02+00:00
Business • Media & Advertising
German media group Bertelsmann to acquire Simon & Schuster for more than $2 billion
German media group Bertelsmann to acquire Simon & Schuster for more than $2 billion
Credit: Bertelsmann Unternehmenskommunikation (Creative Commons Attribution ShareAlike 3.0 DE)

German media group Bertelsmann will acquire U.S. publisher Simon & Schuster from ViacomCBS for more than $2 billion. Bertelsmann, the owner of Penguin Random House, outbid Rupert Murdoch's News Corp for the publisher of authors Dan Brown, Hillary Clinton and Stephen King that Viacom put up for sale earlier this year.

CEO Thomas Rabe is restructuring the group to reduce its exposure to declining areas such as printing, has merged its Arvato CRM customer services unit and made a string of smaller technology bets.

Portrait for @ash
by @ash
2020-07-09T11:30:01+00:00
Arts, Entertainment, Culture • Literature
Sequel to "Ready Player One" to be published in November
Cover of "Ready Player Two"
Cover of "Ready Player Two" Credit: Penguin Random House

"Ready Player Two" the sequel to Ernest Cline's bestseller "Ready Player One" is set to be released by Penguin Random House on November 24. No synopsis has been given yet.