August 20, 2014

Random House-Penguin Merger Receives Green Light from U.S. Dept. of Justice

share save 171 16 Random House Penguin Merger Receives Green Light from U.S. Dept. of Justice

From Laura Hazard-Owen at paidContent:

Random House parent company Bertelsmann and Penguin parent company Pearson announced Thursday that the Department of Justice has approved the proposed merger between Random House and Penguin “without conditions.”

The merger, which remains under review by other antitrust authorities including the European Commission and the Canadian Competition Bureau, would create the world’s largest publisher. According to the announcement sent by Pearson, “Pearson and Bertelsmann continue to expect the transaction to close in the second half of 2013, after all necessary approvals have been received.”

See Also: Pearson: Justice Department Closes Penguin, Random House Merger Probe (via Dow Jones)

share save 171 16 Random House Penguin Merger Receives Green Light from U.S. Dept. of Justice
Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.