The planned merger of Penguin and Random House has been finalised, with the publishing juggernaut to control 25% of the American trade book market under the name Penguin Random House.
Plans for the merger were announced by Bertelsmann, the owner of Random House, and Pearson, the owner of Penguin in October last year, with the merger since going through a series of regulatory approvals in the United States, Europe, China, Canada, New Zealand, Australia and South Africa, all without condition.
