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Penguin Random House history
Penguin Random House company history timeline
Established on July 1, 2013
Penguin Random House relaunched Book Country, Penguin's online writing community, in July 2013.
Penguin Random House, publishing house formed by the merger of Penguin and Random House in 2013.
Penguin Random House was founded in 2013 by Markus Dohle upon the completion of a £2.4 billion transaction between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin Group.
In September 2014, Random House Studio signed a first-look production deal with Universal Pictures, under which Random House would be the producer of films based on Penguin Random House books.
In November 2015, Pearson announced it would rebrand to focus on its education division.
In July 2017, Pearson sold a 22% stake in the business to Bertelsmann, thereby retaining a 25% holding.
On 18 December 2019, Bertelsmann agreed to acquire Pearson's 25% stake in Penguin Random House, making it a wholly owned subsidiary of Bertelsmann.
The sale was completed on 2 April 2020.
On 25 November 2020, Penguin Random House agreed to purchase American publisher Simon & Schuster from ViacomCBS for $2.175 billion.
On 2 November 2021, the US Justice Department filed a civil antitrust lawsuit to block Penguin Random House's proposed acquisition of Simon & Schuster.
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Penguin Random House competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Chronicle Books | 1967 | $75.0M | 100 | 2 |
| Henry Holt & Company | 1866 | $15.9M | 74 | - |
| Scholastic | 1920 | $1.6B | 8,900 | 670 |
| Sourcebooks | 1987 | $58.5M | 100 | 4 |
| Andrews McMeel Universal | 1975 | $11.0M | 100 | 1 |
| Bertelsmann | 1835 | $19.1B | 145,027 | 195 |
| O’Reilly Media | 1978 | $111.3M | 100 | 2 |
| The Baltimore Sun | 1837 | $190.0M | 750 | - |
| American Music Theatre | 1997 | $3.1M | 47 | - |
| Leisure Arts | 1971 | $22.0M | 50 | - |
Penguin Random House history FAQs
Zippia gives an in-depth look into the details of Penguin Random House, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Penguin Random House. The employee data is based on information from people who have self-reported their past or current employments at Penguin Random House. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Penguin Random House. The data presented on this page does not represent the view of Penguin Random House and its employees or that of Zippia.
Penguin Random House may also be known as or be related to Penguin Random House and Penguin Random House LLC.