Tuesday, November 24, 2015

Bertelsmann seeks partner to buy Penguin Random House - Reuters

It's just something humans do.
Panzer made a trip to the Reuters site today. Digging around there, our inquiring kitty found a new post about book publisher Penguin Random House.

According to the post by Harro Ten Wolde and Arno Schuetze, Penguin Random House majority owner Bertelsmann  (53 percent) is looking for a financial partner to help in a buyout of minority owner Pearson (47 percent). Pearson has not directly stated they intend to sell their ownership, but Bertelsmann wants to be ready in the event they do. Apparently, it will be 2017 before Pearson makes any kind of decision.

Panzer says, "Hmm ... I'll never understand human ownership. You buy something so you can sell it in a couple of years. Cats ... We get it ... We eat it. That's it."

Note: This is a two cups of tea read.

To read the post, tootle over to Bertelsmann

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