Join        Login             Stock Quote

EU Clears Penguin, Random House Merger

 April 05, 2013 11:34 AM

(By Balachander) UK publisher Pearson Plc (NYSE: PSO) and German media company Bertelsmann have received clearance from the European regulators to merge their publishing businesses Penguin and Random House.

The European Commission found that the merger, which will create the world's largest book publisher, would not raise competition concerns.

The merged entity will continue to face several strong competitors, the European Union's antitrust watchdog said.

The new entity Penguin Random House will continue to face competition from several large and numerous small and medium sized publishers, the Commission said.

[Related -Stocks End Sharply Lower Amid 'Fiscal Cliff' Fears; HP (HPQ) Falls]

In addition, the Commission's probe found no evidence that the merger would lead to risks of coordination among publishers in relation to the acquisition of authors' rights and the sale of English language books to dealers.

The two companies had announced the deal in October and they expect to completed the merger in the second half of 2013.

Bertelsmann is an international media company whose core divisions encompass television and television production (RTL Group), trade publishing (Random House), magazine publishing (Gruner + Jahr), music rights management (BMG) and services (Arvato) in some 50 countries.
Pearson is active in publishing educational materials (Pearson), business information (Financial Times) and trade publishing (Penguin; which includes Dorling Kindersley Books and Rough Guides).

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageBuffett's Market Indicator Flashes Red, Prepare To Sell

With each passing month, it's becoming evident that the current bull market has slowed from a gallop to a read on...

article imagePBoC joins other major central banks with unconventional monetary policy action

Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. read on...

article imageA Buyback Boost?

Are stock buybacks the only thing keeping this bull market read on...

article imageGold Slides On Perfect Storm For Dollar

For all the anticipation surrounding the delivery of the Fed’s statement in the run-up to the September read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Buffett Musings
More Articles on: Consumer Disretionary , Europe

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.