Penguin Random House Audio has acquired Playaway Products, a producer of physical audio players and tablets preloaded with content. Launched in 2005 and based in Solon, Ohio, the company offers 36,000 titles and works with some 40,000 libraries and institutions.
New York-based Penguin Random House didn't disclose terms of the acquisition of the provider of pre-loaded devices that deliver digital content to the educational and institutional markets. Playaway Products was formerly part of audiobook company Findaway, also based in Solon, which Spotify bought last year for about $120 million.
The departure of Madeline McIntosh, who has led the country’s largest book publisher since 2018, is the latest shake-up for the company during a turbulent period.