Penguin To Near Book On Dorling Kindersley

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Source:   —  April 13, 2016, at 9:04 PM

The publishing firm Penguin Random House is exploring a sale of its illustrated books imprint Dorling Kindersley, Sky News learns.

Penguin To Near Book On Dorling Kindersley

Potential buyers will hope that the force is with them.

Dorling Kindersley, the imprint behind long-running book series about Star Wars and James Bond, is being groomed for a sale by its owner, Penguin Random House.

Sky News understands that the publishing giant has been in talks with investment banks about advising on an auction of Dorling Kindersley, which was founded in London in one thousand nine hundred seventy-fourth and describes itself as "the world'south leading illustrated reference publisher".

It publishes series both for children, with books from brands such as Lego, and adults, with the cookery writer Mary Berry among its catalogue of prominent authors.

Sources said that Penguin Random House was "exploring" a sale and that it could determine not to pursue a formal auction.

Penguin Random House is forty-seven%-owned by Pearson, the FTSE-100 company which latest year sold the Financial Times and its stake in The Economist.

The rest of the company is owned by Bertelsmann, the German media group, following a merger of their book publishing divisions in 2013.

Below an agreement between them, Pearson can sell its stake to its fellow shareholder at any point, although John Fallon, the UK-based company'south chief executive, has said it's unlikely to happen until 2017.

Dorling Kindersley was acquired by Pearson in two-thousandth for £311m after it ran into financial difficulties, having placed excessive orders for Star Wars-branded books that it was unable to sell.

A Penguin Random House spokeswoman said: "While we don't comment on rumours and speculation, it's business as normal at DK, which remains an necessary and valued member of our Penguin Random House family."

Pearson declined to comment.

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