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Archive for February, 2013

Bertelsmann Welcomes Antitrust Clearance of Penguin Random House by the U.S. Department Of Justice

Friday, February 15th, 2013

Bertelsmann Welcomes Antitrust Clearance of Penguin Random House by the U.S. Department Of Justice

Gütersloh, February 14, 2013 – Media companies Bertelsmann and Pearson welcome the clearance of the planned combination of their book-publishing companies into the new, international Penguin Random House publishing group by the U.S. Department Of Justice. The DOJ has informed the parties that it has completed its review and has cleared the transaction in the U.S. In late October 2012, Bertelsmann and Pearson announced plans to combine their respective publishing operations, Random House and Penguin Group. Since the announcement, the planned transaction has been undergoing review by antitrust authorities in various parts of the world. Read more here.