Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
identify whether following news is true or not

Input:
BARACK AND MICHELLE Reportedly Offered $60 MILLION For Memoirs…Wait Till You See Our Exclusive Sneak Peek;It was just announced today that the Obama s are in the middle of a bidding war by publishers for their memoirs.The rights for Barack and Michelle Obama s memoirs will sell for at least $60 million, according to a report from the Financial Times.The eventual total price tag will include a book from both the former President and First Lady. The couple plans to write their memoirs separately, but sell the rights of their finished accounts together as a package, according to the Financial Times report. Penguin Random House, who published former President Obama s three other books, reportedly leads the chase, but HarperCollins, Simon & Schuster and Macmillan are also in the hunt, according to the Financial Times.  TimeHere s our sneak peek at the Obama s memoirs. The good news is they won t need much ink or paper. This pretty much sums it up:;Feb 28, 2017

### Response:
Fake news

### End