Seeking Alpha

Pearson (PSO -1.2% in London) agrees to merge its Penguin book-publishing unit with...

Pearson (PSO -1.2% in London) agrees to merge its Penguin book-publishing unit with Bertelsmann’s Random House in a deal that brings together companies with a combined 2011 operating profit of £272M and revenues of £2.48B. The JV, to be called Penguin Random House, will be 53% owned by Bertelsmann and 47% owned by Pearson. Confirmation of the tie-up follows reports that News Corp (NWS) had expressed interest in acquiring Penguin. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|