Ian Hudson

Penguin Random House has completed the purchase of South Africa-based Random House Struik.

Random House Struik was formed in 2008 following the merger of Random House South Africa and Struik Publishers. Times Media Group's New Holland Publishing held a 50.1% stake in the company, while The Random House Group owned 49.9%.

Following a deal completed on Friday (13th December) Penguin Random House now takes 100% ownership of the company.

"We know from research commissioned by Random House and by the industry at large that romance readers have been among the first to migrate to ebooks," says Ebury editorial director Gillian Green. "One in seven romance readers have already bought an e-book in the last year." The rising tide of e-reading devices has been a blessing to none more so than fans of romance. No longer are they forced to conceal the covers of their latest purchases (The Sultan's Choice, say, or The Temp and the Tycoon) from fellow commuters.

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