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03-02-2017 @ 3:13 PM EST


Barack, Michelle Obama sign bumper book deal

AFP Relax News

Barack and Michelle Obama have signed a deal to publish their memoirs with New York­based Penguin Random House, in a coveted contract reportedly worth tens of millions of dollars. 

 America's first African American president is already the author of two memoirs and a children's book. He has frequently declared himself to have a "writer's sensibility" and has said he does not want to write a conventional blow­by­blow account of his time in the White House.  

Michelle Obama's memoir is likely to be just as eagerly anticipated. A descendant of slaves, she became the first African American first lady and garnered high approval ratings ­­ to the point where she was arguably one of the country's most respected and popular women.  

Penguin Random House said in a statement it has "acquired world publication rights for two books, to be written by president and Mrs Obama respectively." ­  

--Record sum --­ 

The terms of the deal were not disclosed, but bidding for the high­profile double book deal topped $60 million, a record sum for US presidential memoirs, according to the Financial Times.  

Until now, the record for a US presidential memoir was $15 million paid for Bill Clinton's "My Life," released in 2004. George W. Bush received $10 million for "Decision Points" in 2010. Hillary Clinton reportedly received a $14 million advance for "Hard Choices," her account of her time as secretary of state under Obama.  

The Obama deal was negotiated by Washington super­lawyer Robert Barnett, who represented both the Clintons and Bush.