You Won’t Believe How Much the Obamas Have Been Offered For Their Book Deals

A bidding war has broken out between several prominent book publishers, according to a person involved in the sale process.

A deal is expected to be announced sometime this week, possibly as soon as Tuesday afternoon, the source said.

According to the Financial Times, at least one of the bids surpassed $60 million, which is “a record sum for US presidential memoirs.”

Both the former president and the former first lady are writing books about their time in the White House. The pair of books will be published separately, but publishing houses like Penguin Random House are bidding for the books together.

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