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)

Ontario Teachers' Mock on Pension Fund Challenges
20:28 - Ontario Teachers' Pension Plan President and CEO Ron Mock discusses the challenges facing pension funds in the wake of Brexit and President-Elect Donald Trump's election, and the investment risks from geopolitics. He speaks with Erik Schatzker from the World Economic Forum in Davos, Switzerland on "Bloomberg Markets." (Source: Bloomberg)
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