Home News Penguin Random House to purchase American publisher Simon & Schuster

Penguin Random House to purchase American publisher Simon & Schuster

Hello friends we all are aware about the merger between the Disney and Fox studio in which Disney buys Fox studio but very few people are aware about Penguin Random House acquiring Simon & Schuster. To know more about the merger read the whole article.

As I have mentioned above Penguin Random House is purchasing Simon & Schuster. On 25 November 2020, Penguin Random House agreed to purchase American Publisher Simon & Schuster from ViacomCBS for $2,175 billion. This merger is an advantage for both the publishing house as founder of Simon & Schuster got a huge amount and Penguin Random House got rights of books published by Simon & Schuster. But this merger is disadvantage for those publishing houses which are recently opened because they might struggle to get authors who wants to publish their book when there is a merger of two major publication houses.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

STAY CONNECTED

Most Popular

Famous author Divyansh Mundra’s first web series

Famous author Divyansh Mundra's first web series Hello friends most of the people know...

Penguin Random House to purchase American publisher Simon & Schuster

Hello friends we all are aware about the merger between the Disney and Fox studio in which...

“Viral stories i wrote on the Internet” By Divyansh Mundra

Recently few days ago, The well know author in Quora & the Author of "The Himalayan Treasure" Divyansh Mundra published his new book in...

Rise of the Maquis

Meet Charles.G.Fournel, Author of Rise of the Maquis the new exciting Historical fiction Novel Released on the 30th of November -Now, Charles, I understand your...