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Penguin Group

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Penguin Group is a British trade book publisher and part of Penguin Random House, which is owned by the German mediaconglomerateBertelsmann. The new company was created by a merger that was finalised on 1 July 2013, with Bertelsmann initially owning 53% of the joint venture, and Pearson PLC initially owning the remaining 47%. Since 18 December 2019, Penguin Random House has been wholly owned by Bertelsmann. Penguin Books has its registered office in the City of Westminster, London.

Penguin BooksPenguin BooksPenguin Books Limited is a British publishing house that was co-founded in 1935 by Allen Lane with his brothers Richard and John. Originally an imprint of publishers The Bodley Head, Penguin became a separate company the following year. Penguin revolutionised publishing in the 1930s with its inexpensive paperbacks, sold through Woolworths and other shops for sixpence, bringing high-quality fiction and non-fiction to the mass market.Penguin Random HousePenguin Random HousePenguin Random House LLC is a British-American multinational publishing conglomerate, created on July 1, 2013, through the merger of Penguin Books and Random House. Along with Simon & Schuster, Hachette, HarperCollins and Macmillan Publishers, Penguin Random House is considered one of the "Big Five" English-language publishers. In 2020, Bertelsmann became the sole owner of Penguin Random House after a 2019 purchase.BertelsmannBertelsmannGerman media conglomerateBertelsmann SE & Co. KGaA, commonly known as Bertelsmann (German pronunciation:), is a German privatemultinationalconglomeratecorporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates and is active in the service sector and education. Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835.Pearson plcPearson plcBritish education and assessment companyPearson is a British multinational education and assessment company headquartered in London. It provides learning materials, assessments, qualifications, virtual learning, English-language learning, higher-education products and enterprise learning and skills services.Conglomerate (company)Conglomerate (company)A conglomerate (, kəng-GLOMM-(ə)-rət) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually is a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company.Mergers and acquisitionsMergers and acquisitionsProcesses through which companies combine or transfer ownershipMergers and acquisitions (M&A) are business transactions where the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover.United StatesUnited StatesCountry primarily in North AmericaThe United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean.IrelandIrelandIsland in the North Atlantic OceanIreland is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially named Ireland – a sovereign state covering five-sixths of the island) and Northern Ireland (part of the United Kingdom – covering the remaining sixth). It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel.City of WestminsterCity of WestminsterThe City of Westminster is a London borough with city status in Greater London, England. It is the site of the United Kingdom's Houses of Parliament and much of the British government. It contains a large part of central London, including most of the West End, such as the major shopping areas around Oxford Street, Regent Street, Piccadilly and Bond Street, and the entertainment district of Soho.New ZealandNew ZealandNew Zealand is an island country in the southwestern Pacific Ocean. It comprises two main landmasses—the North Island (Te Ika-a-Māui) and the South Island (Te Waipounamu)—and over 700 smaller islands. It is the sixth-largest island country by area and lies east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga.IndiaIndiaCountry in South AsiaIndia, officially the Republic of India, is a country in South Asia. It is the world's seventh-largest country by area and the largest by population. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives.Media conglomerateA media conglomerate, media company, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, video games, amusement parks, or the Internet. Despite ownership over several companies and diverse mediums, by definition, media conglomerates only maintain holdings over media and not other enterprises.

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