Penguin Random House has taken full control over South Africa-based Random House Struik, buying out the 50.1 majority ownership stake owned by Times Media Group’s New Holland Publishing. Random House Struik came about from a 2008 merger between Random House South Africa and Struik Publishers, and the entity will “now work in close cooperation” with Penguin South Africa “with a view to integrating the businesses within Penguin Random House in 2014.” The purchase is consistent with PRH’s buyout of Penguin India’s longtime partner Ananda Publishers in October, and Random House’s acquisition a year ago of the other half of what […]
