Slaughter and May, Freshfields Bruckhaus Deringer, Morgan Lewis and Davis Polk are advising as U.K. media giant Pearson sells its remaining 25% stake in Penguin Random House to German media company Bertelsmann in a £530 million deal.
Pearson and Bertelsmann confirmed in separate statements that the German company will become the sole owner of Penguin, with Verlagsgruppe Random House – which is wholly owned by Bertelsmann – to become part of Penguin.
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