Penguin Random House acquires Text Publishing in a major move for Australian literature
Jan 29, 2025•6 months ago
Acquiring Company
Penguin Random House
Acquired Company
Text Publishing
MelbourneEbooksPublishingDescription
Penguin Random House (PRH), the largest trade publisher on the planet, has acquired Text Publishing, an independent Melbourne-based publisher. Despite assurances of retaining editorial independence, this acquisition marks another significant shift in the Australian publishing landscape, further concentrating the industry in the hands of multinational companies like PRH.
M&A Insights
Based on deal dataIntegration timeline
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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