Barack and Michelle Obama sign book deals

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Barack and Michelle Obama have signed new book deals&period;<&sol;p>&NewLine;<p>The former president and first lady have signed with Penguin Random House&comma; the publisher announced&period;<br &sol;>&NewLine;Financial terms were not disclosed&comma; although the deal is likely to be in the tens of millions of dollars&period;<&sol;p>&NewLine;<p>The dual arrangement is for books among the most anticipated in memory from a former president and first lady&period; Mr Obama is widely regarded as the one of the best prose stylists among recent presidents&comma; and Ms Obama has given few details about her time as first lady&period;<&sol;p>&NewLine;<p>Both are widely popular with the public in the US and abroad&period;<&sol;p>&NewLine;<p>Penguin Random House chief executive Markus Dohle said&colon; &&num;8220&semi;We are absolutely thrilled to continue our publishing partnership with President and Mrs Obama&period;<&sol;p>&NewLine;<p>&&num;8220&semi;With their words and their leadership&comma; they changed the world&comma; and every day&comma; with the books we publish at Penguin Random House&comma; we strive to do the same&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Now&comma; we are very much looking forward to working together with President and Mrs Obama to make each of their books global publishing events of unprecedented scope and significance&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The Obamas were represented in negotiations by Robert Barnett and Deneen Howell of Williams &&num;038&semi; Connolly&period; Mr Barnett has worked on deals with Mr Obama&&num;8217&semi;s two immediate predecessors&comma; Bill Clinton and George W Bush&comma; and with Michelle Obama&&num;8217&semi;s predecessors Hillary Rodham Clinton and Laura Bush&period;<&sol;p>&NewLine;<p>The Obamas plans to donate a &&num;8220&semi;significant portion&&num;8221&semi; of their proceeds to charity&comma; including to the Obama Foundation&period;<&sol;p>&NewLine;<p>Mr Obama&&num;8217&semi;s book is a strong contender to attract the largest advance for any ex-president&period; The previous record is believed to be 15 million dollars for Bill Clinton&&num;8217&semi;s My Life&period;<&sol;p>&NewLine;<p>Mr Obama&&num;8217&semi;s million-selling Dreams From My Father and The Audacity Of Hope are considered essential to his rise to the White House&period; Ms Obama&&num;8217&semi;s only book so far is about food and gardening&comma; American Grown&comma; released in 2012&period;<&sol;p>&NewLine;<p>The books will reflect on the Obamas&&num;8217&semi; White House years&comma; although Penguin Random House declined to give further details&period;<&sol;p>&NewLine;<p>A source said Mr Obama&&num;8217&semi;s book will be a straightforward memoir about his presidency&comma; while Ms Obama plans to write an inspirational work for young people that will draw upon her life story&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed11ce2b542">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; 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