On Sunday, two different News Corp. newspapers both come up with unidentified sources for the same story. First the Sunday Times of London wrote that “News Corp. has joined the race for Penguin with a last-minute overture to the directors of Pearson, the media conglomerate that owns the book publisher. Glen Moreno, Pearson’s chairman, will put the approach to directors in the next few days. Rupert Murdoch…is understood to have indicated he will make a substantial cash offer — thought to be about £1 billion [or about 1 times annual sales] — for Penguin, subject to due diligence.” (Actually they […]
