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Rabe Reaffirms Plan to Buy Part of Penguin’s Stake, and Bring In Financial Partner

March 10, 2017
By Michael Cader

Bertelsmann chief executive Thomas Rabe reiterated in an interview with Germany’s Der Spiegel the plan for Bertelsmann to buy only part of Pearson’s 47 percent stake in Penguin Random House, while looking to a financial partner to buy out the remainder. “I expect we will raise our stake to 70 or 75 percent as long as […]

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Filed Under: Finance

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