Bertelsmann SE said Tuesday it will increase its stake in book publisher Penguin Random House to 75%, giving it tighter control over one of the world’s top book publishers. The closely held German media titan is buying a 22% stake in the business from Pearson PLC for $1 billion. The British education company will retain a 25% stake in the...

Source: Wall Street Journal July 11, 2017 06:31 UTC