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Penguin scraps deal to merge with Simon & Schuster

Penguin Random House, the world's largest book publisher, and smaller US rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann has confirmed.
Business • 22 Nov 22

Simon & Schuster's owner to let sale to Penguin fail

Book-publishing powerhouse Simon & Schuster's owner will let its $2.2 billion sale to Penguin Random House collapse today, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter.
Business • 21 Nov 22

Pearson's full-year revenue flat, sees profit of £590m

Shares in British publisher Pearson slumped today to their lowest in more than a decade after it said operating profit would be lower this year because of continued declines in sales at its US higher education business.
Business • 16 Jan 20

Pearson to sell Penguin Random House stake

Britain's Pearson is selling its 25% stake in Penguin Random House to German partner Bertelsmann, ending a near 50-year association with consumer publishing to focus solely on education.
Business • 18 Dec 19

Pearson sells 22% stake in Penguin Random House

Pearson is set to raise $1 billion from the sale of a 22% stake in book publisher Penguin Random House to majority owner Bertelsmann.
Business • 11 Jul 17

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