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FT: Random House And Penguin In Merger Talks

THE DEADLINE TEAM
October 25, 2012

Of course both of these publishers provide plenty of source material for Hollywood. Now the Financial Times is reporting that the parent companies of Random House and Penguin are in talks to combine the units. Random House’s Bertelsmann would have more than a 50% stake in any tie-up with Pearson’s Penguin, which combined could control one-quarter of the U.S. and UK publishing market, the paper says. The publishing sector has been facing fierce competition from the likes of Amazon, Apple and Google in the e-book business.

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