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lagilmanToday Pearson confirmed that the publishing company is considering “a possible combination of Penguin and Random House.”
Pearson had this statement: “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate.
Pearson had this statement: “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate.
And twitter kind of exploded. #RandomPenguin may have trended in NYC.
It will certainly take a lot of greasing and reorganizing to get through EU approvals, so I wouldn't advise anyone panicking yet. But having been an in-house employee during the Penguin/Putnam-Berkley sqoosh, I do not envy my Random or Flightless Waterfowl friends, no matter what happens...
(and yeah, my third thought was "I wonder what this will do to my Pearson stocks...?")
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Date: 2012-10-26 03:04 am (UTC)At one point during GearCon I had an epic rant going in the bar about a Pearson conspiracy to significantly dominate the YA market, blah, blah, blah (what? I have to remember the details of the grand Education/Writer World Conspiracy Blend rant? Not formulated well enough for that yet). This news just contributes to those particular thoughts.