Penguin's Lawyer: Costs of E-Books Drove Deal

Nov. 20 (Bloomberg) -- Uncertainty over how much book publishers will have to invest in e-book delivery platforms -- which could be substantial -- was a driving force behind the decision of Pearson's Penguin and Bertelsmann's Random House to merge, Morgan, Lewis & Bockius partner Charles Engros tells Bloomberg Law's Spencer Mazyck. He represented Penguin in the deal, which was announced in late October. In the last year, his firm's media M&A practice has also represented Reed Elsevier in the sale of the entertainment trade publication Variety and the New York Times in its sales of About.com and its interest in the Boston Red Sox. (Source: Bloomberg)
Euro Seen Falling to Parity by Year End: ABN Amro's Teo
46:00 - Roy Teo, senior currency strategist at ABN AMRO, talks about the Greek debt crisis, and central bank policy in the U.S., Australia and Japan. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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