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Bertelsmann acquires 100 percent stake in Random House Mondadori

Bertelsmann, the corporate parent of Random House, has purchased a 100 percent stake in Random House Mondadori. Random House created the publishing house for Spain and Latin America in 2001, splitting the shares 50/50 with the Spanish publisher.

Spanish antitrust authorities still need to approve the acquisition, and the name will be changed “in the near future.” The move came one week after Random House decided to merge with Penguin next year, creating Penguin Random House.

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Source: GalleyCat

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