Penguin Random House announced Tuesday it has completed the acquisition of the Santillana’s trade book business Santillana Ediciones Generales from PRISA for 72 million euros. (Note: This was the price in Prisa’s press release; Bertelsmann’s annual report for 2014 later stated, “The consideration transferred amounted to €53 million and was fully paid in cash”; it’s possible that Prisa’s figure included the Brazilian unit, while Bertelsmann’s statement applied only to “activities in Spain, Portugal and Latin America.”) One component of the deal — the acquisition of Objetiva, Santillana’s Brazilian trade business, is still pending, and “expected to be completed later in […]
