Bertelsmann Plans to Cut $2.7 Billion RTL Stake to Fund Takeover

Bertelsmann Plans to Cut $2.7 Billion RTL Stake to Fund Takeover

Chris Ratcliffe/Bloomberg

Bertelsmann's Random House publishing unit agreed in October to merge with Pearson Plc’s Penguin division to create by far the largest book publisher in the U.K. and the U.S.