Pearson Sells Last 25% of PRH to Bertelsmann - Publishers Weekly

Four days until Christmas. Then watch out.

Today as Panzer was trying to see what was under the Christmas tree, What's His Name rudely pushed him out of the presents. Not wanting to get on Santa's naughty list our rule-abiding kitty got into the Panzermobile for a trip into the Catosphere. Tootling around, he decided to make a stop at the Publishers Weekly site. Taking his frustrations out on the posts pile there, he dug around until he found one on Pearson's sale of its shares in publisher Penguin Random House

According to Ed Nawotka's post, Pearson has sold its last shares in Penguin Random House (PRH) to Bertelsmann for $675 million. Pearson has owned 25 percent of PRH since 2017 when it previously sold 22 percent of its shares to Bertelsmann. Bartelsmann no owns 100 percent of PRH and all its publishing assets. The post contains links to other information about PRH and it's future publishing plans.

Panzer says, "Bertelsmann is becoming a worldwide publishing behemoth."

Note: This is a medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to Bertelsmann