Bertelsmann wins battle for Simon & Schuster with $2.18bn deal - News Summed Up

Bertelsmann wins battle for Simon & Schuster with $2.18bn deal


Simon & Schuster had a string of political bestsellers in this election year, releasing hits including Donald Trump’s niece Mary Trump’s family memoir, Rage by Bob Woodward and Sean Hannity’s Live Free or Die. Penguin Random House, meanwhile, published Barack Obama’s A Promised Land, which is on course to smash records for a presidential memoir. Penguin Random House, through imprints including Alfred A Knopf and Vintage Books, publishes about 15,000 titles a year. Simon & Schuster generated revenue of $814 million last year. Simon & Schuster will operate as a division within the Penguin Random House group.


Source: The Irish Times November 25, 2020 15:41 UTC



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