Law360, New York (May 07, 2010, 6:22 PM ET) -- The Federal Trade Commission has sued Dun & Bradstreet Corp., alleging its $29 million acquisition of a Scholastic Inc. unit has created a near-monopoly in the market for kindergarten through 12th grade educational marketing databases.
The FTC issued an administrative complaint against Dun & Bradstreet on Thursday, claiming that the company's purchase of Quality Education Data from Scholastic in early 2009 gave it more than 90 percent of the market for K-12 educational marketing data.
The deal has already been completed, but the $29 million purchase...
Dun & Bradstreet Deal Created Near-Monopoly: FTC
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