The Man Booker Prize for Fiction is a literary prize awarded each year for the best original novel written in the English language and published in the United Kingdom. As per the recent reports, The Booker Prize will soon be sponsored by Silicon Valley billionaire and author Michael Moritz and his wife Harriet Heyman's charitable foundation "Crankstart".
Credited to the official Twitter handle for Man Booker Prize, the latest tweet shared on February 28 says: "The Booker Prize Foundation is delighted to announce that Crankstart is the new supporter of the prizes. From 1 June 2019, the two prizes will be known as The Booker Prize for Fiction and the International Booker Prize. #FinestFiction"
Read the tweet here:
The announcement came a month after the Man Group said it was ending its 18-year-long sponsorship of the prestigious award for literary fiction.
Crankstart has committed to an initial five-year exclusive funding term for the Booker Prize, with an option to renew for a further five years. It will not give its name to the award, which will revert to its old name of the Booker Prize from June 1, when the Man Group's sponsorship ends.
(IANS Inputs)
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