Pearson Settles for Selling 22 Percent of PRH for About $1 Billion

Rather than exit the Penguin Random House joint venture entirely, Pearson agreed to sell a 22 percent stake to majority owner Bertelsmann in a deal yielding $1.034 billion, as part of a recapitalization of the trade publisher, while retaining a 25 percent holding going forward. The deal gives PRH an…

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