Penguin Random House has won the world rights to publish former US president Barack Obama's book, as well as a title from his wife Michelle, in a record-breaking deal reported to be worth $65m (£52.5m).
It tops deals made by former president Bill Clinton and George W. Bush.
Obama (55) has said that his latest plans include taking his wife Michelle on a holiday and writing a book.
A portion of the book advance will be donated to charities the Obamas support, including the Obama Foundation. The books will be released in 2018.
Both Barack Obama and his wife Michelle have penned previous books. Obama’s autobiography, the Dreams from My Father (2004), and The Audacity Of Hope (2006) were both bestsellers.
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