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 and its interest in the Boston Red Sox. (Source: Bloomberg)

COP21 Climate Conference: What It Means for Markets
03:58 - Michele Giddens, partner and co-founder at Bridges Ventures, and Patrick Armstrong, chief investment officer at Plurimi Investment Managers, discuss the U.N. summit on climate change and what it means for the markets and investments. They speak to Bloomberg's Guy Johnson on "Countdown." (Source: Bloomberg)
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