July 21, 2017 5:10 AM ET

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Company Overview of Penguin Random House LLC

Company Overview

Penguin Random House LLC publishes trade books, and books for adult and children in North America and internationally. It offers books in various categories, such as arts and entertainment, biography and memoir, children’s books, cooking, fantasy, fiction, history, humor, mystery and suspense, nonfiction, poetry, politics, reference, romance, science fiction, travel, and young adult. The company also publishes eBooks and offers its books online in the United States and internationally. Penguin Random House LLC was formerly known as Random House, Inc. and changed its name to Penguin Random House LLC in July 2013. The company was founded in 1925 and is based in New York, New York. It has offic...

1745 Broadway

New York, NY 10019

United States

Founded in 1925

Phone:

212-782-9000

Fax:

212-572-6066

Key Executives for Penguin Random House LLC

Chief Executive Officer, Member of Global Executive Committee and Director
Age: 49
Chief Financial Officer, Member of Global Executive Committee and Director
Member of Global Executive Committee and CEO of Penguin Random House Grupo Editorial
Member of Global Executive Committee and Chief Executive Officer of Penguin Random House Canada
Member of Global Executive Committee and CEO of Asia Pacific, Penguin Random House
Compensation as of Fiscal Year 2017.

Penguin Random House LLC Key Developments

Bertelsmann SE & Co. KGaA, Pearson plc, Penguin Random House LLC - M&A Call

To discuss Pearson PLC' agreement to sell a 22% stake in the Penguin Random House Venture to its partner Bertelsmann SE & Co KGaA and recapitalise the business

Bertelsmann May Increase Stake In Penguin Random

Bertelsmann SE & Co. KGaA is planning to increase its stake in Penguin Random House LLC. Pearson plc (LSE:PSON) is looking to sell its stake in Penguin Random House, Bertelsmann may increase its stake in Penguin Random House as high as 75% from its present 53% if the price is "reasonable" but "it will take a bit of time", said Thomas Rabe, Chief Executive Officer of Bertelsmann.

Ownership Of Penguin Random House Poised To Change

Ownership of one of the world's biggest publishers is poised to change hands after Pearson plc (LSE:PSON) said recently that it planned to sell its 47% stake in Penguin Random House LLC. The most natural buyer is its partner, Bertelsmann SE & Co. KGaA which owns 53% of Penguin. In a recent statement, Bertelsmann said it was 'open' to buying Pearson's stake. Bertelsmann will have the chance to take full control of Penguin Random House and raise its exposure in the United States, an enormous book market that the German company deems core to its business. 'Strategically this would not only strengthen one of our most important content businesses, it would also once further strengthen our presence in the United States, our second-largest market,' said Thomas Rabe, Bertelsmann's Chairman and Chief Executive.

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