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About Struik
Penguin Random House LLC is a British-American multinational conglomerate publishing company formed on July 1, 2013, with the union of Penguin Books and Random House. Penguin Books was originally founded in 1935 and Random House was founded in 1927. It has more than 300 publishing imprints. Along taking into consideration Simon & Schuster, Hachette, HarperCollins and Macmillan Publishers, Penguin Random House is considered one of the ‘Big Five’ English language publishers.
On April 2, 2020, Bertelsmann announced the feat of its purchase of Penguin Random House, which had been announced in December 2019, by buying Pearson plc’s 25% ownership of the company. With the purchase, Bertelsmann became the sole owner of Penguin Random House. Bertelsmann’s German-language publishing work Verlagsgruppe Random House will be categorically integrated into Penguin Random House, adding 45 imprints to the company, for a sum of 365 imprints.
As of 2021, Penguin Random House employed about 10,000 people globally and published 15,000 titles annually below its 250 divisions and imprints. These titles adjoin fiction and nonfiction for adults and kids in both print and digital. Penguin Random House comprises Penguin and Random House in the United States, the United Kingdom, Canada, Australia, New Zealand, Portugal, and India; Penguin in Brazil, Asia and South Africa; Dorling Kindersley worldwide; and Random House’s companies in Spain, Hispanic America, and Germany.
On November 25, 2020, The New York Times reported that Penguin Random House was planning to purchase Simon & Schuster from Paramount Global for $2.175 billion. However, on November 2, 2021, the U.S. Department of Justice sued to End the deal on antitrust grounds, a encounter that eventually succeeded upon October 31, 2022. The treaty formally collapsed on November 22, 2022.
