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Singapore Prime Minister Lee Hsien Loong State Visit To The White House
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After an intense bidding war, it has been announced that Barack and Michelle Obama will be publishing their books with Crown Publishing Group, a division of Penguin Random House.

The publishing house now holds the world publication rights to both books, for which no title or release date has been announced.

Crown has published books for both Obamas, having put out both the former President’s 1995 memoir, Dreams from My Father: A Story of Race and Inheritance, and his 2006 follow-up, The Audacity of Hope: Thoughts on Reclaiming the American Dream, as well as the former First Lady’s American Grown: The Story of the White House Kitchen Garden and Gardens Across America, which was based on her experiences with the White House garden over the seasons.

Vice President and Executive Editor Rachel Klayman will edit President Obama’s book, while Senior Vice President and Publisher of the Crown, Hogarth, Crown Archetype, Broadway Books, and Three Rivers Press imprints Molly Stern will edit the former First Lady’s release.

“Crown is honored to continue its publishing relationship with President Obama and Mrs. Obama, both of whom are transformative figures in today’s world,” said President and Publisher of Penguin Random House’s Crown Publishing Group Maya Mavjee in a statement. “They will write deeply inspiring and illuminating books that draw upon their rich personal experience and dedicated public service. Each publication will be a historic event.”

As reported last week, Penguin Random House will donate one million books in the Obama family’s name to First Book, a DC-based nonprofit dedicated to promoting equal access to education in the United States and Canada. The Obamas—both of whom are avid readers—will also be donating much of their proceeds to charity, including the Obama Foundation.