Pursuits
Pearson Plans to Keep Penguin Random House Until 2017
- Pearson is one year from achieving `peak synergies' in venture
- Bertelsmann has said it's interested in buying Pearson's stake
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Pearson Plc, which agreed to sell the Financial Times in July, intends to hold on to its final media asset, Penguin Random House, until at least 2017, Chief Executive Officer John Fallon said.
Pearson has the option to sell its 47 percent stake in the world’s largest book publisher as early as next month under an agreement with Germany’s Bertelsmann SE, which owns the rest.