NEW YORK (AP) — Barack and Michelle Obama have book deals.
The former president and first lady have signed with Penguin Random House, the publisher announced Tuesday.
Financial terms were not disclosed for the books, which several publishers had competed for, although the deals are likely in the tens of millions of dollars.
The Obamas plans to donate a “significant portion” of their author proceeds to charity, including to the Obama Foundation. Barack Obama’s book is a strong contender to attract the largest advance for any ex-president; the previous record is believed to be $15 million for Bill Clinton’s “My Life.”
Titles and release dates were not immediately available.
