FORMER U.S. President Barack Obama and his wife Michelle have agreed to a book deal with Penguin Random House.

    “The company has acquired world publication rights for two books, to be written by President and Mrs. Obama respectively,” the publisher said.

    Titles and other details have not been disclosed but the deal is believed to be worth over US$60m.

    Obama is the author of the best sellers “Dreams From My Father” and “The Audacity of Hope.” Mrs. Obama has written “American Grown” — a book about food and gardening.

    “We are looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance,” Penguin Random House CEO Markus Dohle said. (SD-Agencies)