Acquiring Company
Penguin Random House Audio
Acquired Company
Playaway Products
Description
Penguin Random House Audio, a division of Penguin Random House LLC, the world’s largest trade publisher, has acquired Playaway Products LLC, the leading provider of pre-loaded physical devices delivering digital content to the educational and institutional markets.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed