Pearson In Talks Over Penguin, CBS & Comcast Look At Current TV: Merger and Acquisitions Recap
Pearson (NYSE:PSO) announced Thursday that it is holding discussions through which to merge its Penguin publishing division with Bertelsmann’s Random House. According to the Wall Street Journal, such a deal would form an entity worth between $2 billion and $3 billion and comprise more than 25 percent of worldwide English-language consumer book sales. However, worries over antitrust factors, especially in Europe, have emerged.
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The fledgling startup Current TV is said to be exploring strategic options, and larger media firms, perhaps CBS Corporation (NYSE:CBS) and Comcast Corporation (NASDAQ:CMCSA), could potentially show interests. In its current incarnation, Current TV lacks ratings and features cable news and opinion that is a bit left-leaning. Other suitors are possible, but News Corporation (NASDAQ:NWS) seems less likely.
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