Description
Penguin Random House LLC is a multinational conglomerate publishing company formed on 1 July 2013 from the merger of Penguin Group and Random House.
On 2 April 2020, Bertelsmann announced the completion of its purchase of Penguin Random House, which had been announced in December 2019, by buying Pearson plc's 25% ownership of the company. With that purchase, Bertelsmann became the sole owner of Penguin Random House. Bertelsmann's German-language publishing group Verlagsgruppe Random House will be completely integrated into Penguin Random House, adding 45 imprints to the company, for a total of 365 imprints.
Random House Tower, New York
As of 2021, Penguin Random House employed about 10,000 people globally and published 15,000 titles annually under its 250 divisions and imprints. These titles include fiction and nonfiction for adults and children in both print and digital. Penguin Random House comprises Penguin and Random House in the U.S., UK, Canada, Australia, New Zealand, Portugal, and India; Penguin in Brazil, Asia and South Africa; Dorling Kindersley worldwide; and Random House's companies in Spain, Hispanic America, and Germany.
On 25 November 2020, The New York Times reported that Penguin Random House was planning to purchase Simon & Schuster from Paramount Global for $2.175 billion. However, on 2 November 2021, the U.S. Department of Justice sued to stop the deal on antitrust grounds, a suit that eventually succeeded on 31 October 2022. The deal formally collapsed on November 22, 2022.
