The merger of Penguin and Random House took effect today. You can visit the new Penguin Random House webpage.
According to the company, the new mega-publisher counts more than 10,500 employees in nearly 250 imprints and publishing houses. In all, they publish over 15,000 new titles every year. Random House issued this press release:
The global senior executive team for Penguin Random House was announced today by Chief Executive Officer Markus Dohle, following the closing of the transaction by shareholders Bertelsmann SE & Co. KGaA and Pearson this morning to formally establish the venture. Bertelsmann owns 53% and Pearson 47% of the company.