Random House to buy stake in Virgin Books
- Share via
From Bloomberg News
Random House Inc., the book publisher owned by Bertelsmann, agreed to buy a 90% stake in Virgin Books and signed Richard Branson to a five-book deal.
Branson will retain a 10% stake in the London-based company through his Virgin Group Ltd., the companies said. His previous titles include an autobiography and a business book.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
