When was Penguin Books founded and who started it?
Penguin Books was founded in 1935 by Allen Lane. He launched the company with a goal to make good literature affordable for everyone.
Penguin Books was founded in 1935 by Allen Lane. He launched the company with a goal to make good literature affordable for everyone.
Bertelsmann owns Penguin Group and acquired full control over the joint venture by December 2019. The company originally merged with Random House on the 1st of July 2013 after talks began on the 26th of October 2012.
The United States Department of Justice filed a lawsuit against Penguin on the 11th of April 2012 for conspiring to fix e-book prices. A federal judge approved a settlement in December 2013 that required Penguin to pay money into a fund providing credits to customers.
Penguin Books Ltd maintains its registered office in London's City of Westminster district. Separate divisions operate across multiple continents including Ireland New Zealand India Australia Canada China Brazil and South Africa.
Six major English-language publishers existed before the union between Penguin Group and Random House reduced the number to five. This deal received European Union approval on the 5th of April 2013 and finalized on the 1st of July 2013.