Barack and Michelle Obama have both signed deals with Penguin Random House to publish their “forthcoming books,” the publisher announced on Tuesday. According to the Financial Times, more than $65 million was offered during a bidding war between publishers to secure the rights to the two books. Few details have been offered about the content that might appear in the two books, but the former president had previously spoken with CNN’s David Axelrod of his intention to write a book once he left office.
Publishing a memoir about one’s experience as commander in chief has become par for the course in recent years — both the presidents that preceded Obama, George W. Bush and Bill Clinton, went on to publish bestselling memoirs after leaving office. The Obamas, in certain respects, already have a leg-up — both have published bestselling works, including Michelle’s cookbook, American Grown, and Barack’s memoirs, Dreams From My Father and The Audacity of Hope.
In a statement, Penguin Random House CEO Markus Dohle said he was looking forward to making “each of their books global publishing events of unprecedented scope and significance.” The publishing company has also promised to donate one million books in the Obama family’s name to Open eBooks, a nonprofit that aims to give in-need children access to free books digitally through eBook reading apps.
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