Thread: Random House, Penguin May Merge
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Old 10-29-2012, 05:15 PM   #46
AnemicOak
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Quote:
Originally Posted by BearMountainBooks View Post
I guess it all depends on who is buying whom. And which CEO is in charge?
In this case...
Quote:
The international media groups Bertelsmann and Pearson announced today that they will combine the activities of their respective trade-book publishing companies, Random House and Penguin Group. Bertelsmann will own 53 percent, Pearson 47 percent....

Upon closing, Markus Dohle, Chairman and Chief Executive Officer of Random House worldwide, will be CEO of the new group. John Makinson, Chairman and CEO of Penguin, will become Chairman of the Board of Directors. Additional senior executive appointments will be announced in due course. Bertelsmann will appoint five representatives to the group's Board of Directors, Pearson four. The new name will be Penguin Random House.
http://www.randomhouse.co.uk/news/20...-come-together
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