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Business Wars Daily

Simon & Schuster Goes Global

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 14 May 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Tuesday, May 14, and we're looking at Simon & Schuster vs. Penguin Random House.

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Transcript

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The From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, May 14th.

1:09.2

An American publishing giant is expanding its international reach.

1:12.4

Last week, New York-based Simon & Schuster announced it was acquiring Dutch publishing house Vien, Bosch, and Keening, or VBK. The deal is still subject

1:18.8

to review. Financial terms haven't been disclosed, but should it go through, it'd be notable for a few

1:24.5

reasons. It's the first move in Simon and Schuster's recent quest for

1:28.3

international expansion, and it would mark the first non-English language acquisition for the

1:33.4

publisher, too. The almost century-old VBK is the largest Dutch publishing house, turning out

1:39.4

1,500 titles annually with 280 employees. For comparison's sake, Simon and Schistair publishes

1:47.5

1,300 new titles each year and has about 1,700 employees. The Dutch are certainly efficient,

1:54.4

are they not? As part of the deal, Simon and Schistair will acquire VBK's publishers in both

1:59.4

Belgium and the Netherlands, as well as its

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