March 24, 1998 in Nation/World

Publisher Has Buyer

From Staff And Wire Reports

German media conglomerate Bertelsmann AG said Monday it will buy Random House, the largest U.S. book publisher.

Bertelsmann owns Bantam Doubleday Dell and has been looking to expand its English-language consumer publishing business. The combined publishing business will retain the Random House name.

A price was not disclosed.

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