Auction brings $20-million-plus book deal for Obamas

Source: United Press International

“Penguin Random House announced it will publish the memoirs of former President Barack Obama and former first lady Michelle Obama. The announcement Tuesday came at the end of an auction among multiple publishers bidding for the right to publish the books. Although financial terms were not disclosed, the New York Times, citing industry executives with knowledge of the bidding, said the opening offers for Barack Obama’s book alone were between $18 million and $20 million.” (03/01/17)