Transactions
Oct. 30, 2001
Latham & Watkins: RANDOM HOUSE GETS AN EARFUL WITH ACQUISITION
New York publishing giant Random House has agreed to purchase Newport Beach-based Books on Tape Inc. The deal is valued at $22 million in cash, with a potential for up to $7 million in payments over the next five years.
Random House is a publisher of trade books and publishes books under the Alfred A. Knopf, Ballantine, Bantam, Dell and Doubleday labels.
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