Liz Mohn, the lady behind media giant Bertelsmann and the merging of its publishing arm Random House with Penguin talks to The Telegraph about the future of the publishing house.

Since Liz Mohn took over Bertelsmann after her husband's death in 2009, the merging of Random House with Penguin to create the world's largest book house is the biggest deal for the company.

While some are happy about the merging, others fear the enormity of Random House who is responsible for some very noted books like Fifty Shades of Grey may crush the literary heritage of Penguin.

However, Mohn feels that with this merging, authors under Penguin will benefit from being a part of a bigger publishing house.

"Books do mean a lot to me: Bertelsmann grew big on books, and I myself grew up with them," Mohn told The Telegraph. "We will continue to publish books for a mass public as well as works for smaller readerships. The planned combination will give authors from all genres even more publishing options for the success of their books."

According to Mohn e-book can "comfortably co-exist" with printed books and there is no fear of their downfall.

Before the deal was made, Markus Dohle, who will serve as the new CEO of Penguin Random House sent out a letter in late October in an attempt to reassure agents that editorial diversity would be maintained. "In this new partnership with Penguin, we will be retaining the distinct identities of both companies' imprints," Dohle promised. "You and your clients will benefit from an extraordinary breadth of publishing choices, and editorial talents and experience."

The deal is rumored to be for $2 billion to $3 billion, LA Times Reports.