M&A Deal Summary

Penguin Random House Acquires Playaway Products

On February 1, 2023, Penguin Random House acquired consumer products company Playaway Products

Acquisition Highlights
  • This is Penguin Random House’s 1st transaction in the Consumer Products sector.
  • This is Penguin Random House’s 3rd transaction in the United States.
  • This is Penguin Random House’s 1st transaction in Ohio.

M&A Deal Summary

Date 2023-02-01
Target Playaway Products
Sector Consumer Products
Buyer(s) Penguin Random House
Deal Type Add-on Acquisition

Target

Playaway Products

Solon, Ohio, United States
Playaway Products is a provider of pre-loaded physical devices delivering digital content to the educational and institutional markets. Playaway Products was founded in 2005 and is based in Solon, Ohio.

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Buyer(S) 1

Buyer

Penguin Random House

New York, New York, United States

Category Company
Founded 2013
Sector Publishing
DESCRIPTION

Penguin Random House is comprised of around 250 individual publishers on five continents, which publish more than 15,000 new books each year. The group’s renowned authors include John Grisham, Dan Brown, Barack and Michelle Obama, as well as Paula Hawkins. Last year, 585 of the publishing group’s titles made it onto the “New York Times” bestseller lists. More than 70 authors signed with Penguin Random House publishers have won the Nobel Prize.


DEAL STATS #
Overall 4 of 4
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Sasquatch Books

Seattle, Washington, United States

Sasquatch Books is a publishing company that distributes and markets nonfiction books on nature, travel, entertainment, sports and lifestyle genres. Sasquatch Books was established in 1986 and is based in Seattle, Washington.

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