January 19, 2017 11:14 PM ET


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





Key Executives for Penguin Random House LLC

Chief Executive Officer, Member of Global Executive Committee and Director
Age: 48
Chief Financial Officer, Member of Global Executive Committee and Director
Member of Global Executive Committee and Chief Executive Officer 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 Chief Executive Officer of Asia Pacific, Penguin Random House
Compensation as of Fiscal Year 2016.

Penguin Random House LLC Key Developments

Bertelsmann May Raise Stake In Penguin Random House

Bertelsmann SE & Co. KGaA may raise its stake in Penguin Random House LLC. "We are open to increasing our stake in Penguin Random House, provided the financial terms are fair," Bertelsmann Chief Executive Thomas Rabe said. Bertelsmann and Pearson plc (LSE:PSON) combined their book-publishing businesses in 2013. Also, Pearson plans to sell 47% stake in Penguin Random House. Bertelsmann holds 53% of Penguin Random House.

Bertelsmann To Raise Stake In Penguin Random

Bertelsmann SE & Co. KGaA wanted to raise its stake in Penguin Random House LLC. Thomas Rabe, Chief Executive Officer of Bertelsmann said that he did not expect anything to happen this year, but also said that he would feel comfortable owning between 70% and 75% of the book publisher. Bertelsmann's current stake is 53%. Bertelsmann had been approached by a number of investors who would be interested in participating in a deal to buy Pearson plc (LSE:PSON) stake should Pearson decide to sell it. Pearson said on Tuesday there was no change in its position regarding its stake in the joint venture following Bertelsmann's comments.

Bertelsmann Reportedly Looks For Partner To Acquire Penguin Random

Bertelsmann SE & Co. KGaA is looking for a private equity partner to help it buy the rest of Penguin Random House LLC from Pearson plc (LSE:PSON), three sources reported. "The main issue is whether Pearson wants to sell its stake in one deal or whether it wants to sell in phases," the person said. A complete exit in one go by Pearson would be a challenge for Bertelsmann.

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