Penguin-Random House Merger

According to the New York Times,

Random House and Penguin completed their planned merger Monday morning, creating the biggest and most powerful book publisher in the world.

The new company, called Penguin Random House, will control more than 25 percent of the trade book market in the United States, giving it unmatched leverage against Amazon.com, a growing force in the industry.

For the complete story, please see here.

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