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Penguin and Random House agree to publishing merger

Workers prepare a Penguin book stand at a Book fair in New Delhi, India. File photo via AFP.

British publisher Pearson on Monday said it had agreed to merge its Penguin division with consumer publishing rival Random House, owned by German media giant Bertelsmann. “Pearson and Bertelsmann today announce an agreement to create the world’s leading consumer publishing organisation by combining Penguin and Random House,” said a statement.…

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