The Obamas Sign $60m Book Deal

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Barack and Michelle Obama

Immediate Past President and First Lady of the US, Barack and Michelle Obama have apparently signed a book deal with Penguin Random House according to reports from the New York Times. The publishing company announced that after a heated auction among multiple publishers, they had agreed terms in the region of $60 million for publishing rights for the past first couple.

“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” Markus Dohle, the chief executive of Penguin Random House, said in a statement. “With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same. Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”