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.
FT: Random House And Penguin In Merger Talks
For all of Deadline’s headlines, follow us @Deadline on Twitter
Sign up for Newsletters
Trending Now on Deadline
More From Team
- Hot Trailer: Jazz Docu 'Keep On Keepin' On'
- Sundance Institute Taps 10 For Docu Music And Sound Design Lab
- Brian Huskey Set For ABC's 'Selfie'; Rebecca Forsythe Joins 'Members Only'
- Relativity's 'Beyond The Lights' To Open 18th Urbanworld Fest
- Step Right Up For 'American Horror Story: Freak Show' Premiere Date
- Winona Ryder, Alfred Molina & Jon Bernthal Join HBO Miniseries 'Show Me A Hero'