The
Penguin Group is a trade book publisher, part of
Penguin Random House. It is owned by
Pearson PLC, the global education and publishing company, and
Bertelsmann, the German media conglomerate. The new company was created by a merger that was finalized on July 1, 2013, with Bertelsmann owning 53% of the joint venture, and Pearson controlling the remaining 47%.