Pearson, the owner of Penguin, and Bertelsmann, Random House's parent company, are currently in discussions to merge the two companies.
If the owners of publishing houses Penguin and Random House move ahead with an unprecedented merger deal to combine their businesses, the merger would result in the world’s biggest publisher.
“Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House,” the statement reads. However, Pearson added, “The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction.”
Though not a complete surprise to industry watchers, the merger talks would result in big changes in the publishing world. If the proposed merger goes through, the two companies “would account for north of 25% of global English-language consumer book sales,” according to the Wall Street Journal.
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