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Several major book publishers are reportedly engaged in a reported $60 million bidding war for the world rights to Barack and Michelle Obama’s memoirs.

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While the rights are being sold together, the books are being written and published separately.

Penguin Random House, HarperCollins, Simon & Schuster, and Macmillan are among the publishing houses participating in the auction, FT reports, with Penguin Random House (which published Barack’s three previous books) currently in the lead.

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As the FT reports:

Knopf, a division of Penguin Random House, paid $15m for the rights to Bill Clinton’s 2004 memoirs My Life when he left the White House, while George W Bush made an estimated $10m from his book Decision Points, which was published by Crown.

Via ft.com

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